RG 104, 8NS-104-94-077
Box 5
8NS-104-94-077, Miscellaneous
Correspondence & Memos, 1897-1994
4ttbl'L%bl asiui
THE GREAT MINT ROBBERY
BY
LOUIS T. MONAHAN
Why it has always been called the "Mint Robbery" is not exactly
understandable. The Federal Reserve Bank truck was held up in front of
the Mint and the bank guards relieved of $200,000 in $5.00 bills. If
the holdup had occurred in front of the Public Library (just l%blocks
east of the Mint) would they have labeled it "The Great Public Library
Robbery ? The International News Service reported it saying, "First
Successful U.S. Mint Holdup"; also, "There have been cases of petty
thefts from government mints, but never an organized holdup on so grand
and successful scale".
. On the morning of December 18, 1922, at 10:40 A.M., this historical
incident took place. At that time, the Denver Federal Reserve Bank
was located in small quarters in the Continental Trust Building at 16th
and Lawrence. In those cramped offices, there were no vaults for storing
currency. As a consequence, the Mint at Denver was the custodian of
large amounts of currency. The bank made two or three trips to the Mint
each week to pick up large amounts of currency.
At the front entrance that morning were Frank Smith, Captain of the
Guard, Joe Herd and Pete Diodinger, Guards, James Cain and myself.
Mr. Olson, Cashier of the Federal Reserve Bank, and Mr. O.T. Linton, Bank
Guard, passed us on the way out, their arms loaded with bundles of
currency. Within one minute, firing started out in front. Herd and
Kiodinger were standing on the top step in front of the door shooting
m the direction of the Federal Reserve truck. Jim Cain grabbed a pistol
off the rack by the door and I used one of the rifles. We both got out
of the front door just in time to see Linton fall with a fatal wound in
his chest.
To those of you who have had occasion to work at the Denver Mint
or visit us, you may recall that the front entrance to the Mint is fitted
with two large bronze doors that open inward. About two feet in front
of the doors are two heavy grill doors that swing outward. At the time
of the robbery, a shelter hut was in place in front of the grill. This
was a simple wooden construction with one small glass paneled wood door
for entering. The bronze doors as well as the grill doors were always
open during business hours. The whole front of this wood door and hut
as well as the glass panaling over the door was riddled with bullet
holes. How either Herd or Kiodinger escaped being shot is a mystery.
The holdup car was a touring car with the side curtains pulled
down and was parked on the left of the Federal Reserve truck. For this re
(the truck being in front of the holdup car) none of the bandits
were hit at that moment. As the holdup car drove off, one of the bandits
was on the running board just getting into the car. Kiodinger shot at
him and his companions were soon to pull him into the car. This man was
later found dead in the bandit car when it was found in a residential
garage a week later.
-2-
/
As the bandit car neared the intersection of Colfax and Cherokee
at the corner of the Mint, they received a very lucky break when a coal
truck emerging from Cherokee Street turned right onto Colfax. If this
truck had been crossing Colfax, there would have been a collision. How-
ever, they escaped this and continued on up around the Civic Center to
the hill by the Capitol. Here again they were forced to slow down as
the hill between Lincoln and Sherman Streets was covered with ice.
They couldn't make it so were forced to turn around and go over to
14th Street where they continued on up to Clarkson Street and then on
to 11th Street to the garage where the car was later found.
All was confusion in the main corridor of the mint. Mr. Olson of
the Federal Reserve rushed down the corridor towards the Cashier's
Famum St. John, a clerk in the M & R Office, seeing Mr. Olson
and not knowing who he was, fired a shot at him. Luckily his aim was
poor and before St. John could fire another shot, Olson identified
himself. The bullet chipped off a piece of the marble paneling in the hallway
and to this day it has never been repaired. It is a constant reminder
of the battle on West Colfax Avenue.
Of course, the general alarm was sounded the minute things started.
In the operating sections, the alarm bells were located in the rear
corridor and the noise of the rolls in the rolling room overpowered
the sound of the alarm bells. As a result, most of the employees were
unaware of what happened and were surprised when they left the building
at 4 o'clock to see the large crowd of people still standing around as
if waiting for an encore of the morning drama.
It was my understanding that most of the bills (195,000) were re¬
covered in St. Paul, Minnesota. The bills, of course, were all brand
new. The serial numbers were known and were given wide publicity in
the press. The first bill showed up about two weeks after the hold-up
and was, as I recall, passed in a restaurant. The Denver Post got hold
of it and posted it up in the front window of their plant where other
news bulletins were posted. For days large crowds of people came to
gaze on the bill which looked like it had been in circulation for
several years. Whatever method the gang used to age the bills, it was
a good one. The bill on display bore no resemblance to the brand new
bills hi-jacked from the Federal Resesrve truck.
The story is told that when the Secret Service finally caught up
with the gang, they were already under lock and key at Alcatraz, jailed
for the Kansas City Union Station massacre which occurred the following
spring. This then would be the Machine Gun Kelly gang of St. Louis,
Missouri. They were also accused of the Ursuel kidnapping which was
headline news in the nation shortly after the incident in front of
the Mint.
Robert G. Grant was Superintendent of the Denver Mint at this
time and shortly after was appointed Director of the Mint replacing a
Texas oilman by the name of Scoby.
It was a very cold day that December 18 but things got pretty warm
for a few minutes in front of the Mint.
LOUIS V. MONAHAN
i :
Why it has always boon called tho "Mint Robbory" io not oxactly • • .
-i-jj •* i
undor ctandablo • Tho Fodoral Rodorvo Dank truck woe hold up in front of
i •
tho Mint and tho bank Guards roliovod of £200,000 in CI><>00 bills# If ’ t
tho’’hold-up had oedurrod in front of tho Public Library (just 1-) blocks ■ >*/
; \
cast of tho Mint) would thoy havo labolod it "Tho Groat Public Library /?
Roboory"? Tho Intornational Ho*
Succoccful U. S, ydnt Holdup"j
*7
:s Sorvico reported it onying, "First
7
ilco, "Thoro havo boon casos of potty // • • ,
thofts iron govomnent roints, but never on organized holdup on so grand ‘/‘f' 1 *
and ouccosoful ccalo"„ .
• I
• On tho rooming of Doccrobor 10, 1922, at 10:^0 A*I{#, this historical *** t
incidont took place* At that tiroo, the Denvor Fodoral Rooorve Bank ^
was locatod in sroall quartore in tho Continental Trust Building at l£th ' ,J/
and Lawrence* In thoco craropod officos, thoro voro no vaults for storing , ry
currency* As a ooncoquonco, tho Mint at Donvor was tho custodian of
I
largo croounto of currency* Tho bank roado two/or throo trips to tho Mint .. ^
oach wo ok to p ick up largo • amounts of curroncy* v .
At tho front ontranco that rooming wore Frank Sroith, Captain of tho . ^ j
Cuard, Joo Hol'd and Poto Kiodingor, Cuerds, Janos Cain and rysolf# Hr® • •
Olson. Coshior of tho Fodoral Rocorvo Dank, and Mr# 0, T« Linton, Bank ,
»
Guard, pasood us on tho voy'out,’ thoir arms loaded with bundlos of
curroncy* Within ono ninuto, firing started out in front. Herd and
Kiodingor voro standing on tho top stop in front of tho door shooting
in tho dirootion of tho FodoraX'Rosorvo truok# Jin Cain grabbed a pis tel /*
n
li
- 2 -
of* tho rack by tho door and I usod one of tho riflno. w o both cob era- r;
of tho front door Just in timo to coo Linton fall with a fatal wound in
1 /
hia ehoct.
To thoco of you who havo had ocoadon to work at tho Denver Hint **i
or vioit us, you may recall that tho front or.tranco to tho Mint io fittod
with two larjo bronco dooro that opon inward. About two foot in front ; ** .
of tho doora aro two heavy grill dooro that owing outward. At tho timo • u ! ‘
of tho robbory, a choltor hut wao in placo in front of tho eriU. Thin i ■
vao a oinplo wooden construction with ono onall C laso paneled wood door. ' ^
for onto ring. Tho bronco dooro ao well ao tho grill dooro wore always ! ^
. open during buoinooo hours. Tho whole front of thin wood door and hut J '* .
' as well ao tho glass paneling ovor tho door vao riddled with bullet /3
•holoo. How oithcr Herd or lilodingor oocapod boing ohot ia a cyotory. <
The hold-up car wao a touri^ar-with tho oido curtains pullod *> •
j down and wao parked on tho loft of tho Fodoral Rooorvo truck. 'or thio H
' reason, (tho'truck being in front of tho hold-up car) none of tho bandits. aT
\ voro hit'at that moment. Ao tho hold-up car drovo off, ©no of tho bon- /$
dito was on tho running board Jbat getting into tho car. Kiodingor chct />
at him and hio companions woro coon to pull him into tho car. -nio v&\ Ji >
vaslator found doad in tho bandit car vhon it was found in a rooidontihl [f
garage a week Xatorj ^
• Ao tho bandit oar noarod tho intoroootion of Colfax and Chorokoo /<—
. at tho comor of tho mint, thoy rocoivod a vory lucky broak whon a coal /s
truck emorging from Chorokoo Sjroot tumod right onto Colfax, if this //
truck load boon croooing Colfax, .thoro wovlld havo boon a collision. IIow® U-
ovor, thoy occapcd thio and continued on up around tho Civic Contor to /J
tho hill by tho Capitol. Horo again thejy woro forced to clew down ao ! /•(
3
■ * •
tho hill l>otwoon Lincoln and Sherman Stroots was covorod with ico, // •.
Thoy couldn *t mnko it so woro forcod to turn around and go o'/or to /'/
liith Stroot whoro thoy continuod on up to Clarkson Stroot and thon on /3
»
to 11th Stroot to tho garago whoro tho car woo lator found*
All wao confusion in tho main corridor of tho mint* Itr* Cleon of *
tho Fodoral Rosorvo rushed down tho corridor towards tho Cashier *o 'o
Offico.* Famum St, John, a clprk in tho M & R Offico, cooing Mr, Olcoa /V
and not knowing who ho was, filed a shot at him. Luckily his aim was .. /o" - ’
• *
poor and boforo Gt, John could firo anothor shot, Olson identified //
* .*
hinsolf* Tho bullet chippod off a pioco of tho narblo paneling in tho /)
\ *
. *• \
. hallway and to this day it has novor boon repaired* It is a constant ' u/ *
romindor of tho battlo on Woot Colfax Avonuo, • * *
Of courco, tho gonoral alarm wao sounded tho minute things started® // ‘
• • *
In tho operating sections, tho alarm bolls woro locatod in tho rear /
corridor and tho noiso of tho rolls in tho rolling room' ovorpovorod /
tho sound of tho alarm bolls. As a rooult, moot of tho orplqyooo woro W (
I
unawaro of what happonod and woro curpricod vhon thoy loft tho building /
.at h o*clock to coo tho largo crowd of pooplo still otending around as /</
if waiting for an oncoro of tho morning drama* . f
It wao my understanding that moot of tho bills (19^,000) woro ro<* • i*/ '
covorod in St. Paul, Kinnooota. Tho bills, of courco, woro all brand ' t'l** .
' , _ ,
now, Tho corial nunboro woro knew and woro givon wido publicity in /.
tho pro so* Tho first bill .showed up about two wooka aftor tho hold-up jq
and wao, as I rooall, passed iaj a rootaurant. Tho Donvor Post get hold tq
• | .
of it and posted it up in tho front window of thoir plant whoro other / iT
• - u -
I
news bullotins wcro posted* For days largo crovdo of people cnr.o to / ?—
gasc on tho bill which looked Uko it had been in circulation Tor / ^
sovcral yoars# Whatover nothod tho gang upod to ago tho bills, it vaa /«3
a good ono. Tho bill on display boro no rooonblanco to tho brand not? /V'
bills hi-Jackcd from tho Fcdoral Uocorvo truck# $*
Tho story is told that vhon tho Secrot Sorvico finally caught up rt^
I
vriith tho c an C> thoy v;oro alroady under lock and key et Alcatraz* ^ailod / 3
_- * • • #
for tho Kansas City Union Station naooacro which occurrod tho following //
spring. This thon would bo tho Machino Gun Kolly gang St# Louie, .. )'£
Missouri# Thoy wore also accused of tho Urauol kidnapping which was /
•1
hoadlino nowo in tho nation shortly eftor tho incidont in front of
tho Mint,
I
Robert G. Grant was Suporiptordont of tho Donvor Hint at this //
tino and shortly aftor was appekntod Diroctor of tho Hint replacing, a /
. v » •
• t 4 ,
Texas oilman by tho nano of Scoby 0 • v /
• . It was a vory cold day that DoccnbcJ 18 but thirds got pretty warn /</
for a fow ninutos in front of tho Hint* <j •••v.los. \ ;
• * -V.
<? .
i
3 9
l
LOOKING BACK
T HE MOST famous robbery at the
Denver Mint happened 53 years
ago this month, and it still hasn’t
been solved.
Popularly known as the “Denver
Mint Robbery,” the name could be,
technically, a misnomer—the Trea¬
sury Department objects to it. The
robbery was of a delivery truck of
the Federal Reserve Branch Bank of
Denver. The truck was picking up a
consignment of currency that had
been stored for security at the
Denver Mint. At what moment the
responsibility for the money passed
from Mint personnel to employes of
the Federal Reserve Bank has never
been precisely determined.
Dec. 18, 1922, was a bitterly cold
day. There was little snow on the
ground; Colfax Avenue in front of
the Mint was clear and dry. During
the late hours of that Monday morn¬
ing. traffic was light.
The Federal Reserve Bank of
Denver (branch of the Kansas City
Federal Reserve Bank) was located
at that time in the Interstate Trust
Building at 16th and Lawrence Sts.
Vaults there were inadequate to
store the bank’s funds, so large
amounts of currency and coin were
kept in the Mint building and trans¬
ferred as needed. This arrangement
was unsatisfactory to the Mint and
the bank.
To the bank’s men who were to
transfer the money that morning
from the Mint to the bank, it meant a
short but chilly ride in a pickup
truck. Arrangements for the
transfer of $200,000 (all in new $5
bills) had been made by coded tele¬
gram from the U.S. Comptroller’s
Office in Washington, D. C., and
local telephone from the bank. The
currency was wrapped in 10 pack¬
ages, each 18 inches long, weighing
about 8 pounds.
Bank cashier J. 2. Olson had Will
h avenor drive him to the Mint in the
bank's pickup truck. Tile truck had a
wire mesh cover over its bed and
doors that could be locked, in the
J/Lnt Olson checked ihe shipment
made arrangements with wuai a C. T.
Linton and ordered it taken to the
truck. Linton emerged from the
ront ooor first, ne run vm eny
c rrr tv:/ ’ vrr’ 1 cy ’
to the back of the pickup and unfas-
h*
earned out
of currencs
qu-cr;.. Kftvtnor t-
By DOW HELMERS
Drawings superimposed on a photo of the Altahama apartments, 1310 E. Colfax
day of the Mint robbery , Dec. 18, 1922. At 8 am. (1) the gang met at the A1
and make final plans. About 9 am. (2) male members of ihe rang left the apart:
car. Between noon and 1 pm. (3) voices of members of the gang were hen:
ac:-u:.:ed they ivoic? dividing the money before leaving Denver Two days after
Si JD-i.Cr widow o: Lie robber who was found dead, and Mr. d Mrs. Harold C
eb out 3 p.m , curving suitcases containing their shares of the stolen m
Altehama (5) shows the windows (circle and arrow) of apartment when
maining $100.000. It was 10:40 a.m
At this time occurred possibly the
) : . * •;.. ...s in 1‘aiora-
do criminal history
V d r' r'r \ ’ > b? r'!c in
/•. JT«*%vucr
la a Mark - ( i ... v .;.cd
it* i; .;g .• . i v.. » *:r, • ifirdc
up,” was shouted. Several men ap¬
peared, armed V/ith shoteu:.*\ rifles
and pistols The package.- c l .c-ney
were grabbed and thrown ; n the
Is nol lu*owii v-ao fiiv -1 . , r but
iccr. f he street end the fre. * of the
“ivt. *>«> <> ?;j) a.ved with bid . Lin-
.jn, resisting the r cooess t w : shot
point-bia
One rob
stream;/:
fire Iron"
of the l
get into
or. Cclfr
half blot
one guru
a- 0*..**r i : 7,
LOOKihiG BACK
Denver Public Library Western Collection
Drawings superimposed on a photo of the Altahama apartments, 1310 E. Colfax Ave., depict events on the
day of the Mint robbery, Dec. 18, 1922. At 8 a.m. (1) the gang met at the Altahama to have breakfast
and make final plans. About 9 a.m. (2) male members of the gang left the apartments and entered a stolen
car. Between noon and 1 p.m. (3) voices of members of the gang were heard in the apartment. It is
assumed they were dividing the money before leaving Denver. Two days after the robbery (4) Mrs. J. S.
Sloano widow of the robber who was found dead, and Mr. and Mrs. Harold G. Burns left the apartment
about 3 p.m., carrying suitcases containing their shares of the stolen money. The photo of the
Altahama (5) shows the windows (circle and arrow) of the apartment where the robbery gang lived.
maining $100,G00. It was 10:40 a.m.
At this time occurred possibly the
most dramatic 90 seconds in Colora¬
do criminal luslory.
Adams had placed his bundle in
the bed of the truck. As Havenor
approached the truck with his bund¬
le, a black Buick touring car stopped
beliind him and the order, “Hands
up,” was shouted. Several men ap¬
peared, armed with shotguns, rifles
and pistols. The packages of money
were grabbed and thrown in the
car.
It is not known who fired first, but
soon the street and the front of the
Mint were sprayed with bullets. Lin¬
ton, resisting the robbers, was shot
point-blank and fatally wounded.
One robber was observed with blood
streaming from his leit hand. Under
fire from several guards on the steps
of the Mint, the robbers managed to
get into their car, which headed east
on Colfax. As it crossed Cherokee, a
half block from the Mint’s entrance,
one gunman, who had a shotgun and
->
79
oir p :t*rl
An elaborate trap was set for the
remaining criminals in February
1923 in St. Paul, Minn., where it was
believed the gang had been hiding.
Although it failed, $80,000 of the loot
was recovered from the cellar of a
St. Paul banker. In 1925 federal
agents announced they had identi¬
fied all members of the gang, but no
names were made public. In 1934
Denver Police Chief A. T. Clark said
that five men and two women, re¬
sponsible for the robbery, were dead
or serving terms for subsequent
crimes. Some believe as many as 12
were involved in the heist.
No one has ever been arrested or
served time in prison for the Federal
Reserve Bank robbery in front of the
Denver Mint
There have been two other Mint
robberies. On Feb. 13,1864, James D.
Clarke, a Mint payclerk, helped
himself to gold bars and Treasury
notes amounting to $37,000. He
bought a horse and rod e south
. ho -'j i;- seated alongside the driver,
✓as set n slumped over. The car
urv ♦ d a fire hydrant and side-
,wiped a truck, but managed to
avc tii? robbery scene. No immedi-
ta pursuit v/P3 made. Later it was
an :d lhat the robbers proceeded
o th Altahama apartments, 1310 E.
Colfax Avs., where they had been
livin '. _ ,
The 9 J seconds in froi t oi the
Denver Mint triggered the greatest
-anhunt Denver had even known,
larc'i pubic and private, were
c an hot!, esp^cially in the Capitol
MU area. Eighteen days after the
rtibb ::y the Buick, bloody and bat-
serer, v as located in a r sidential
s* c t ia: he i been rent* d at 1631
U]p:n £t. Slumped n Lix ront seat
.ar he frozen bo y of o ie of the
obb rs H ? * id .-'lti let* is Nicho-
’c> Vramcr, has J. 3. *Joane, a
nen bzr of the gang c ? Karcld G.
Bu 2X3. Slour.e was buried in Denver
:,t public expense.
- I _r-'-• ir*' " - :i
• . 1 :
. • , - ■' * y - ■>
V/
Xhe funeral of the dead robber, Nicholas T Yainor, alias J. S. Sloane, took
place in Denver at public expense. A bank guard also was shot and killed.
MINT continued
tlirough Colorado City. He lost his
horse and was captured. All but
about $4,000 was recovered.
Over a period of months in 1920,
Orville Harrington carried out
$80,000 in gold bars. Harrington
Lutied the *,oid lit lii • -ac.
pin rming to mix the gold wittt ore
from a mine he owned near Victor,
Colo.
Rowland Goddard, long-time and
highly regarded Secret Service
agent in Denver, crptured Harring¬
ton. Although Goddard spent 19
years studying tne robbery, he
was unabV to solve the crime. 81
‘i it^h^juuoi m a uux writer arid
iiMtt/ty l* : 1 living ill vt><Oii»<JU
Spring
m
* •%» a « .v* b^- .•» a. « «
Y1 i L b «ifca ttc if' Li «
m —
vk _ r _**«**s-v“
r*.
U a
TS> fcmvr fW m 7, \9?5 * <?3
24
COIN WORLD, Wednesday, April 15,1987
Secret Service investigates
A Denver Mint DOliremnn January anH _ _.. .
A Denver Mint policeman
has been arrested in tbe inves¬
tigation of the suspected theft
of a $1,000 bag of newly coined
dollars earlier this year.
When Robert Kendall
walked into a bank in Broom¬
field, Colo., and tried to ex¬
change several hundred dol¬
lars’ worth of new quarter dol¬
lars for paper money, tellers
became suspicious.
Acting upon their suspicions,
bank personnel called the
Denver branch of the Secret
Service. It was discovered that
Kendall had been employed
for the past two years as a po¬
liceman at the Denver Mint
He was arrested March 25
for investigation of theft of
government property, accord¬
ing to Jim Heavey, special
agent in charge of the Denver
Secret Service office.
It is believed Kendall took a
50-pound bag containing $1,000
in new quarter dollars from
the Mint sometime between
January and mid-February.
The case is still under investi¬
gation and officials would not
say whether they think Ken¬
dall acted alone.
Kendall, who quit his job af¬
ter his arrest, was arraigned
before U.S. Magistrate Rich¬
ard Harvey and released on
$2,500 unsecured bond person¬
al recognizance bond. A hear¬
ing was scheduled for April 7.
Mint Superintendent Nora
Hussey said April l that she
had not seen the Secret Ser¬
vice’s report about the inci¬
dent and bad no comment, ex¬
cept to say that Mint were
“shocked." “This isn’t what we
look for from our employees,”
Hussey said. She also said the
security force “feels abused”
by the incident.
Duane Sjaardema, acting su¬
pervisor of the Mint at the
time of the arrest, explained
that all employees are re¬
quired to pass through metal
detectors and X-ray machines
before leaving the Mint and
that the machines should have
registered the presence of the
coins.
Sjaardema had no explanan-
tion of the way in which the
quarters were removed from
the building. Sjaardema said
there are approximately 40
federal police officers in the
security force, including those
who operate the metal detec¬
tors and X-ray equipment
William F. Daddio, director
of security for all U.S. Mints,
said the backgrounds of all
Mint police officers are thor¬
oughly investigated by contact¬
ing former employers and ref¬
erences, and by examining
criminal records, credit
Denver theft
records, as well as academic
and military experience.
Daddio said Mint police are
checked out more intensively
than other federal employees
because their positions are
classified as “sensitive." Appli¬
cants must have three years of
police experience or a college
degree in criminal justice or a
related field, Daddio said.
Although no one at the Den¬
ver Mint could recall any in¬
stances in which a Mint police¬
man had been arrested for
theft, newspaper records show
that in 1920 Orville Harring¬
ton, a longtime employee of
the Mint, was arrested for
stealing gold bullion by sneak¬
ing It out In his artificial leg.
Russia
COIN WORLD, Wednesday, April 15, 1987
■-
23
TYPE COINS AND RARE DATES CONTINUED...
li/IT HALF DOLLARS
11210-101 VO 0 22 00
1122 1 0-101 *2 VF-30 Me* for
gr*ot moo
1022/1 0-101 HI EF 40 Itlg
eft* 100.00
1122 0-104 EF-40 my chore* for
gr*d* 07 SO
1022 0-112 M AU-50 my thorp win
modarat* toning, Rare Ihit
met 22000
1022 0-1 lit EF-40 MOO
1024 1 0-101 EF-40 my chore* tor
grad* 105 00
1024 2/0 0-103 VF 20 05 00
AtftaapjW 175 00
BUST HALF OOUARS
1020 AU 50 275 00
1020-0 F-II ptaaaftig 220 00
1020-0 VF-20 ptaawng coin 20500
1020-0 VF-20 ptaaamg 220 00
SEATED HALVES
1030 “Ootorocht" half Judd-71
2nd original <ft* Prool-40. A
**ry protty F***r than 10
known Another *x*mpl* war
racontly auctionad for
0200 00 5000 00
1020 WO 0-4 10.00
1042 LX) AU 50 my troaty 0 Meaty
—-— Ml
SEATEO HALVES
1074 VF-20 eft* 20 00
1074 EF-40 120 00
1074 AU-00* »H • truck 0 lutlrout
Difficult typ* coir 220 00
1074-0 EF 45. wall (truck «
krai 20500
1075 VF-20 52000. EF-44 0500
1075 AU-50 »*d (truck 105 00
1075 AU-50 pala Gray toning 240 00
1070-$ M$-00. tufty (truck arffti p*l*
Oray toning AtkacOv* 205 00
1070 VF-30 Me* ... 20 50
1070 EF-40. 55 00
1070-CC EF-40. 70.00
1070-0 EF-40 ha*«n*( 35 00
1077-1 VF-20 30.00
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American Eagle
larketing
asses inspection
rnett Anderson
gton Bureau
two moat controversial
of the U.S. Mint’s gold
jullion coin program —
.ing only through bulk
and purchasing some for-
Id — have been given a
imp of approval in two
by the Treasury Depart-
inspector general,
ceting the gold and silver
through major precious
and coin dealers, states
•ort, is consistent with the
equirement to sell the
to the public.”
ng a small proportion of
gold when newly mined
•Id is not available in suf-
quantity is ‘‘reasonable
nerally in keeping with
•Id Bullion Act of 1985,”
ing to the second report.
1 audits were completed
1 of this year, but were not
ted for publication until
9.
mide
r\J
O
o
or
<•> o
-< o
Q O
I o
r"> >
tips
)oks.
The two policies examined in
detail by the inspector general’s
office have been under strong
and repeated attack by Rep.
Frank Annunzio, D-Ill., chair¬
man of the House Subcommittee
on Consumer Affairs and Coin¬
age, which has general oversight
responsibilities for the Mint.
In an executive agency such as
the Department of the Treasury,
the inspector general serves as
an internal watchdog over
administration and procedures,
with no direct line of responsi¬
bility to the Congress. However,
the two reports are expected to
strengthen the Mint’s position
as it enters the third year of pro¬
duction and marketing of the
gold and silver Eagles under the
policies set by the Treasury Sec¬
retary.
Further, Annunzio is giving up
his chairmanship of the coinage
subcommittee, raising the pros¬
pect that the long public battle
over the two policies in question
may soon come to an end.
Annunzio has based his criti¬
cism of the Mint’s marketing
program on the law’s require¬
ment to sell to the public, main¬
taining that it and a long legisla¬
tive history against monopoly
private marketing of legal tender
coins made it mandatory for the
Mint to sell the bullion pieces
directly to the public.
Further, the subcommittee
chairman has said repeatedly in
committee hearings and on the
House floor, the language on
procurement of the gold bullion
Pope's resignation
returned by Reagan
The resignation letter of Mint Director Donna Pope to
President Reagan, among the hundreds requested from pres¬
idential appointees following the November election, was not
accepted but returned to her by the President.
Pope’s second five-year term, to which she was appointed
by Reagan in 1986, runs until 1991, and she presumably
may continue in office until that time. But Washington polit¬
ical observers believe that there may nevertheless be -
change in the Mint directorship.
Pope was co-chairman of the Ohio election committee for
President-elect George Bush and campaigned actively for
him in that state.
She is likely to be offered another office by President Bush
following his inauguration Jan. 20, according to these
sources, and the Mint would thus acquire a new director
early next year.
>r
h f
il
Despite charges that the U.S. Mint was avoldl
the law authorizing "direct sales to the publh
Eagle bullion coins, an audit by the Treasury
Inspector general has approved the Mint's met
for the program clearly limits it
to newly mined U.S. gold (within
the preceding 12 months of pur¬
chase) and drawing on govern¬
ment gold reserves to meet any
shortfall.
Under the procurement poli¬
cies established by the Treasury,
said the report, newly mined
U.S. gold would, indeed, be the
primary source of bullion.
But whc n a sufficient supply
was unavailable, the statement
of policy specified. *ihe second¬
ary soTTce ot gold would be only
50 percent from government
reserves and the other 50 per¬
cent from any eligible country
under international trade agree¬
ments.
‘‘The Act’s requirement to use
newly mined U.S. gold as the
primary source of gold appears
to conflict with the provision of
the Trade Agreement Act of
1979, in which Congress
approved the Agreement on
Government Procurement of the
GATT,” states the report.
“That agree
covered entitief
another’s produ«
treatment no lee
accorded domes
suppliers.
“Treasury’
tempted to satis
preference for
prior U.S. inte
obligations undt
As for market
approved bull
quantities of m
troy ounces of
one-ounce silve
authorizing
“direct” sale, i
audit
The applicabl
law for both gol
was cited: “Thi
sell the coins n
subsection to
price equal to 1
of the bullion a
(1NSPEC1
Baolfld funrfg max/ tn Wall S
nvi r Post
Tuesday, September 13,1988
U.S. inspector reportedly assigned
to Denver Mint asbestos dispute
By Peter G. Chronis
Derwor Po«t Stall Writer
An agent of the Treasury De-
rtment’s inspector general has
en assigned to a case that may
involve a disputed $1.8 million as¬
bestos removal project at the Den¬
ver Mint, The Denver Post has
learned.
A source close to the case re¬
ported that an inspector general
staff member was present when
depositions were taken for a law¬
suit involving the asbestos removal
project. However, it’s uncertain
that the investigation is focused on
the contract issue, the source said.
Probes criminal cases
The inspector general’s office
investigates criminal and other
matters involving Treasury opera¬
tions. A government filing in the
lawsuit criticizes the relationships
between an officer of the losing
| bidder and two members of the
■ panel that awarded the bid.
Although one staff member in
the unit’s investigative office indi¬
cated that the probe was being
handled by Special Agent Katie
Lichtig, neither Lichtig nor an offi¬
cer assigned to Freedom of Infor¬
mation Act inquiries would com¬
ment on the case. Regulations
forbid releasing data about on-go¬
ing investigations, an official said.
The disputed contract, granted
June 15 to LVI Knvironmental Ser¬
vices Inc. of Oklahoma City, al¬
ready has resulted in a lawsuit in
U.S. District Court in Denver by A
& B Asbestos Abatement Inc. of
Grand Junction.
The Grand Junction firm won a
restraining order Aug. 11 from
Chief U.S. District Judge Sherman
Finesilver, who decreed that the
project at the Denver Mint be halt¬
ed pending further litigation. A & B
alleges that the contract was
awarded to LVI even though the
Colorado company was more quali¬
fied and had scored highest in a
panel’s evaluation of bidders.
A & B, which had bid $3.7 million
to do the job, also claims in its suit
that officials improperly pressured
the selection panel to favor LVI.
A L B, which previously had per¬
formed asbestos removal work at
the mint, noted that the panel han¬
dling the contract used a point sys¬
tem to rank companies making
bids. Under that system, the maxi¬
mum score possible was 100 points
— 75 points on the technical evalu¬
ation and 25 points for costs.
Although A & B had received the
highest average score on the initial
evaluation , LVI still got the job,
Finesilver noted in his order. The
job had been scheduled to begin
June 17 but has not yet been start¬
ed. Among other things, however,
A & B alleges that LVI brought as¬
bestos-contaminated equipment to
the job site.
Additionally, LVI had failed to
disclose health and safety viola¬
tions in making its bid, which, A &
B claimed, invalidated the winning
bid.
The Grand Junction firm also
accused LVI of lacking sufficient
trained personnel to do the job, in¬
cluding five ex-felons who alleged¬
ly are barred from working on
mint property and a sixth worker
who allegedly was wanted on a
warrant and arrested at the mint.
But in its trial brief, the govern¬
ment notes that A & B’s bid was
twice as high as LVI’s. Also, the
contracting process used was “ne¬
gotiated procurement,” which dif¬
fers from ordinary sealed bids be¬
cause the process allows bidders to
suggest variations in the contract
and to change bids after negotia¬
tions.
Additionally, the government
pretrial filing noted, panel mem¬
bers Marcy Nicks and Larry Car¬
penter gave A & B 19 and 15 points,
respectively, more than any other
contenders! The government cited
what it alleges are “close ties” be¬
tween A & B project manager Rob¬
ert Kemp, Carpenter and Nicks.
Referred clients
Kemp is alleged to have bought
lunches for Carpenter and to have
suggested that Carpenter start an
asbestos inspection business. The
government also says Kemp refer¬
red clients to Carpenter at the
same time the mint contract was
being processed.
“Mrs. Nicks, too, has admitted
that she accepted lunches from A
& B and that Mr. Kemp helped her
and her husband in their move
form one house to another,” the
government filing said.
The government also noted that
the health and safety violations
were not charged against LVI’s as¬
bestos removal unit but against an¬
other operation not related to as¬
bestos abatement.
Tuesday, September 13, 1988
THI Dln
Denver &
WHAT’S NEWS
Council OKs
hockey deal
DENVER — A four-year con¬
tract with the new owners of the
Denver Rangers hockey team,
allowing the Rangers to continue
to play at the Denver Coliseum,
was unanimously approved by
the City Council Monday night
The deal reduces the Rangers’
rent in the first year, but it calls
for higher rent in the third and
fourth years of the contract The
council also approved a contract
with ARA Leisure Services to
make improvements to the
scoreboard and other facilities at
the Coliseum as part of the deal.
Also, the Rangers’ minor
league hockey franchise was ap¬
proved by the board qf gover¬
nors of the International Hockey
League on Monday.
Fiscal fitness
adds 7 jobs
ENGLEWOOD - Hustling for
attention and development dol¬
lars has paid off for this south
suburban city, where seven city
jobs will be added in the 1989
budget presented Monday by
Acting City Manager Pete Var¬
gas. Despite a metrowide eco¬
nomic slump that has affected
the city’s commercial sector
since 1984. Vareas asked the ntu
have boarded a bus before offi¬
cers arrived Anyone with infor¬
mation is asked to call police,
575-5722
Suspect identified
as parolee
DENVER — A suspected hit-
and-run driver shot during a
scuffle with a Denver police ser¬
geant has been identified as a pa
rolee awaiting a court hearing on
other charges. David Salazar, 26,
was wounded in the side and Sgt
Michael Scanlon was shot in the
finger during the scuffle Salur
day in west Denver. Both were
reported in fair condition.
Last resident evicted
from care center
COLORADO SPRINGS - The
last of 22 elderly residents was
evicted Sunday from two Ramah
Place Care Centers that closed
because the operator failed to
pay the owner $24,000 worth of
rent Four agencies found homes
for the residents, ages 65 to 90,
over the weekend.
Dons Gladden, who operated
the facilities since 1986, said she
still doesn't know when she will
be able to pay the rent to owner
Jacqueline Archer. Archer now
wants to lease the two centers to
someone who will operate them
Denverii
No garbage fees >
By Jennifer Gavin
0*nvw Po*l SUM Writer
A tax increase of $43 or less a
year is in store for the average
Denver resident as Mayor Federi¬
co Pena proposes higher occupa¬
tional and properly taxes in his
1988-89 budget, but fees for gar¬
bage collection are not on the hori¬
zon.
The tax package, however, will
be far smaller than what Pefia
projected last month, sources said
Monday.
The mayor had said about $30
million in increases would be
needed to bring services, roads and
parks up to par Now the total is
likely to be $22 million or less
The city also is banking on get¬
ting another $18 million a year
through a proposed $150 million
bond issue that will go before vot
CO#
Aging radios
plague city’s
firefighters
Rogky Mountain Now* Sunday Magazine
Sun, Aug 14.1968, Darrvw, Colo
Chtlt
Danlele
and (ha
Hinge
•applied
main, for
tummer
to nee
By Dawn Donzor
S OCIAL firecrackers
were lighting up the
night at the Denver
Center Galleria re¬
cently The 1,000-plus parly
animals braved unusually
muggy weather to turn out in
force for Summer in the City,
s|H>nsorc<l by the Denver Cen¬
ter Players and benefitting
the Denver Center for the Performing Arts.
Organizers of the July 30 event promised the night would be
“heated up with fresh, hot music, cool libations, feverish dancing,
succulent foods, warm tans and a few steamy glances." Well, I should
hope so
Some of the young glitterati, who gave the party a thumbs-up
review, were Grrg Gorman, Jane Nelson, Kris Wllcn, Lloyd Boyer,
Shellie Huston, Michael and Kimberly Porter, Lance Chayet, Diane
Bruce, Nate Kckloff, Laurie Ksserman, Charlie Meyers, Joy Nlrdcr-
huuscr, Joun Zubriskic. Pamela Millet. Mutu t uspuiiau. Ashley
s\«vcm, siwi- Utuuuu. Unrhur* Miukuy, Heine llrlrkcll and Bob
OtoMrvtag the snazzy crowd, Wyomingite Gene Downer
quipped. "The women in Denver arc OK if you like them young and
beautiful"
What do Herbert Hoover, Aldous Huxley, Lucille Ball and Franklin
Burns have in common? They ure all Lcos, and, according to It’s All In
the Stars by Zolar "They possess a warmhearted, shy and sensitive
disposition and show a great aptitude for making money for them¬
selves and their associates."
Yep, that’s our Frank.
Burns, one of the city's most respected and successful business
leaders, celebrated his 74th birthday Aug. 1 in his palatial offices,
which arc bigger than Baltimore. Rita Prairie, his secretary for 34
years, arranged for a helicopter to fly around the penthouse wishing
Colorado (it became a state on the same date in 1876) and Frank a
happy birthday.
"If I’d known that the governor couldn’t make it to the party, Mr
Burns would have had top billing," she joked
There were names at this gathering thut would make Gotsby's guest
list look dull Bob Malone (banking), Jim Baldwin (groceries), Dick
Robinson (milk), Jerry Kennedy (law and order), (Cynthia Grassby
Baker (money), King Shwayder (money and suitcases), Temple Buell
(money and shopping centers), Charlie Gates (money and tires),
Natalie Meyer, Paul Powers, Merilyn Handley and Bill Owens (poli¬
tics) and, most important of all, Joy Burns (wife).
France’s wild child, Christian Lacroix, and Denver’s wild woman,
Irene Zarlengo, were responsible for helping raise more than $75,000
for the Samaritan House. The city’s most profitable fashion extrava¬
ganza, held at the Hyatt Regency Denver on Aug. 4, was chaired by
Zarlengo with the help of Madeline McFadden, Mary Ann Sheridan,
Dee Mellor, Cathy Rinker, Elizabeth Tamaresls and Renu Andrews
The show, presented by the Samaritan House Guild and Montuldo's,
featured collections from the three hottest couturiers of the decade:
Italy's distinguished Valentino, France’s prince of prints, Emmanuel
Ungaro, and the mad maverick, laicroix. The economy may be the
pits, dearie, but one thing is clear: Conspicuous consumption is still in
style In some circles. Which would you prefer 7 A simple little
sleeveless Lacroix knit or to send your first-born to Yale for a year?
One ethnic-inspired number boasted u price tag of $15,000, but think
of it this way: If you spring for five Lacroix dresses, you get a 10%
discount.
On a more somber note, the afternoon was dedicated to the memory
of I)r. Robert Mellor, who had touched the lives of many in the
audience. He was greatly missed, but would have heartily approved of
the event
Photoa by Ron DIRIto
Down Denier, above left, It with Rove Powere. "Tummy trio" Includes Phoebe Johneon, Don Alektiewicx end Megan Johneon.
Click!
-4 y
Mike Dilnba, Laurie Etaerman, Pat Lee and Barbara Stine at Denver Center baeh, top center
Cynthle Qraaeby Baker and huaband Paul, above, et Burnt party Montaldo’t manager Dorothy
Wallace, left In photo at top right, and VI Chapin, right, with model Linda Karlin. Model Janie
Harrington, right, and Montaldo'e couture buyer, Sara-Lynne Seltavage
Cathy Rinker and Irene Zarlengo, left, at taehlon ovent; Frank Burnt and Mayor Federico Peha
Sm-Aug. 14,mOw»« Colo
R&Mthis and you’ll understand why’
5-U
AmnmsEMEfi
Man \\ ho Wins $8000 Shopping Spree Says
"My First Stop Was This Furniture Store
Because They Have Giveaway Prices
On Almost Everything!"
It you're getting ready to buy new fur¬
niture. and you need n now. here's some¬
thing you Should know
Buying new furniture car cost you a
tot less than you might think!
Listen; If you're a smart shopper and
knew where to buy your new furniture oc
you realize you may very wefl~.
Save Hundreds And
Even Thousands Of
Dollars On Your Next
Furniture Purchase!
Keep reading and youTl find out how
Mr Mike DrGiovanni entered a con¬
test from a local radio station and was sur¬
prised to find out he won an $8000 shop¬
ping spree.
He was allowed to spend this money
any way he wanted to. But he only had
one day to do it?
Guess what?
The first thing he wanted most was
new furniture for hs living room Before
the shoppmo spree started he went to al¬
most every furniture store *n town
fche-r afl was sa*J and done here's
what he said. "I looked and looked, and
only one furniture store had the quality and
value I wanted And, it was recommended
to me by ail my fnends and co-workers. It
was al true Plus, we got great service
from our salesperson. Barbara Grahamr
Mike consders himself a smart shop¬
per He teamed a tot going from store to
store to find the living room, furniture he
wanted the most
He coukfve spent his money any¬
where. not canng about the pnce. the
quality, or the styling. But. he didn't!
He Wisely Shopped
Before Making His
Final Decision!
He wanted to make sure this money
went as far as possible...even though it
was free!
Where was his first stop after he went
to the bank to get his money? It just hap¬
pened to be Kacey Fine Furniture, owned
by Leslie Fishbein.
Of all the stores he shopped, only
Leslie’s stores had the three things he
wanted the most Good quality, the best
styling, and the lowest prices*
There’s an easy way to find out if
these stores should be your place to shop.
Don’t spend a dime for new furniture, until
you visit a Kacey Fine Furniture show¬
room. Here are a few reasons why:
Over $1,000,000 In
Discounts On Every
Item In Inventory!
Every single item in Leslie’s inven¬
tory is reduced at pnces you’re going to
love Not the extra 5 or 10% off you might
get at other stores. But savings of 30.40,
and even 50% off the retail on every piece!
And, you’re going to find everything
you couto possibly wart lor any room in
your home.
Lesfae and her husband Sam. per¬
sonally travel to most major markets in the
world and took at thousands and thou¬
sands o# peces of furniture. Not until *>en
do they aeode which items are good
enough for their stores to cany
Other stores carry some items cvDy
because they can sell them for a t*g profit.
Sam and Lesfie buy furniture only ff they
feel its good enough to put to their own
Here's How Much
You'll Save On Every
Dining Room And Bedroom.'
You’re going to save at feast 1/3 and
up to 1/2 on every p«ece m stock' And.
you’ll find every style you want at each of
Lesie’s three stores
Take your choice of dmnq rooms
and bedrooms to traditional 18th Century
Country. Modem. Chinese. Southwest
Contemporary, and much more!
You’D find the newest and best built
styles to sold oak, sofcd cherry, sohd wal¬
nut pecan, brass and glass. Itakan marble.
r*Qh gloss laminates ano a lot more*
Which Famous Brands
Are Included?
You’ll find famous names like White
of Mebane, Flair, Bernhardt Stanley. EDo.
Salem House, Cardinal and American
Drew, just to name a few.
But what if you don't find the set you
like? The answer is simple: If what you're
looking for isn't to Leslie's huge inventory,
you can special order any piece or set you
want Just look through her huge library of
color catalogs You’D still save at least 1/3.
and, in many cases, up to 40% off!
If you're dining room or bedroom
needs a new look (right now), there are tots
of styles in stock for immediate delivery or
pick-up!
Selected Floor Samples
Are Even Included
At 1/2 Price!
Don’t wait! You never know. That
special dining room or bedroom set you
had your "eye" on may be gone before you
know it* Come to now and take advantage
of the big selection and the tremendous
bargains.
Here's How Much
You'll Save On
Everything You Need
For Your Living Room!
Save at least 1/3 and up to 1/2 on
every top gram leather piece for your living
room or family room. Save at least 20%
and up to 1/2 on every style covered in
tabnc
If you need a new sofa, loveseat,
chair, rediner, sofa steeper, or sectional in
Mike DeGiovanm. and his fiancee. Jayne
ise stuifed with $8000 in cash' Standing vri
Enouune) a Leslie Ftshbem owner of Kacey
Of all ine mom Mike k
Why 3 Because as they Mud "only Leslie's
your favonte tabnc or in top gram feather.
Leslie's selection of colors and fabrics is
second to none.
Save on famous brands ifce Ftexsted.
Highgland House. Natuzzi. Sefcg. Flair,
and many more Every single style you
can imagine is toduded. You can have
whatever you want from Leslie's large in¬
ventory.
Or. special order the tabnc (or teater)
and style just right for you. The service is
yours at no extra charge*
Selected floor samples are included
at 1/2 pnce So. if you’re m a hurry and
need something today, don't wa.t*
Stop to now* But do it before aD the
best buys are gone*
Unbelieveable Prices
On Solid Cast Brass
Table Lamps!
Leslie just got to a large shipment of
solid cast brass table lamps with hand¬
made shades.
These shiny solid brass lamps could
cost you up to $300 anywhere else But. at
Kacey Fme Furniture, you can take your
choice of any lamp for only $69 to $99*
Quantities are limited on this special
buy. so don't delay if you want an incred¬
ible deal on a solid brass lamp*
Giveaway Prices on
Sealv Po'sturepedic
Mattress Sets!
You constantly see mattresses ad¬
vertised tor 50% off.
At Kacey Fine Furniture they go one
ily Pc
|pedfcsetyouiOTtfoariysfee)(or20%off
everyone ease's 50% off*
Is your oW. lumpy mattress keeping
you up at nght? Why not get te number
one setting mattress m Amenca nght now?
An entire truckload just amved Get one
lor yourself while they are still available*
Everyone Likes To
Show Off Just
A Little Bit!
How about you? You'D be surprised
to find out how tittle it costs to be te envy
of afl your friends and neighbors? Can you
tfunk of a better way than with a room fufi
(or house full) of beautiful new furniture?
Here's te best part Your fnends
don’t have to know how tittle you pad*
Mike DeGiovnanm proved it to him¬
self So can you Do it now'
AH Three Stores
Offer The Following:
Great looking furniture, terrific qual¬
ity. and pnces the competition is finding
hard to beat*
Stop by Kacey Fine Furniture today
In Denver, at 1201 Wazee St In Lakewood
at 11305 W 6th Ave Or. m Frisco, at 695
North Summit Btvd
The Downtown and Lakewood stores
are open 10-8 Mon -Fn . Sat 10 -6. and
Sun . noon to 5 The Fnsco store t$ open
Mon-Sat. from 10-5.
Take advantage of the best selec¬
tion and the biggest savings while they
last You’ll be glad you dd Thank you
Search
^AGElPAyESTWORD-SEITEMBER27-OCTORFBt iqkq
*** weres real trouDle inside th e Mint.
WHO’S MINDING THE MINT?
Not the security officers. They’re too busy
fighting with their bosses.
BY BRYAN ABAS
Union boss Don Solano says morale’s never been worse in the Mint security division.
The Denver Mint’s security force
mobilized at the first sign a crime had
been committed. The crime scene was
cordoned off. The team’s fulltime
detective was assigned to identify and
apprehend the culprit. A locker-by¬
locker search for evidence was
launched.
The Mint is no place for slow or
sloppy police work. There’s a lot of gold
bullion stored inside, not to mention
millions of new coins. That’s why the
security officers aren’t just guards,
but armed policemen with die power to
make arrests at the drop of a penny.
Yet no arrests have been made in the
latest case to confound security division
chief Norm Wallace. So far, the
employee, contractor or visitor who
stepped in the wet paint on the forklift
several weeks ago is still unidentified.
Those who know how the Mint’s
security division operates aren’t
surprised. There’s so much rancor
between officers and supervisors,
employees say, that if it weren’t for
die dedication of the rank and file, the
division would have trouble finding
a truckload of missing coins, let alone
protecting the Rocky Mountain
equivalent of Fort Knox.
When division managers aren’t busy
dealing with internal strife, they’re
making a federal case out of an
inconsequential mishap. “It’s crazy," one
longtime Mint employee says. “If they
were really concerned about security,
they wouldn’t be acting like a simple
case of someone accidentally stepping
in, paint was something done
niischievously. Give me a break. Repaint
the forklift and get on with it What
were they going to do with the person
responsible even if they did catch him?”
And what would they do if they had
a real emergency?
IJKE THE ONE in December 1922,
when guards transferring $200,000 in
five-dollar bills to a truck outside
the Mint were ambushed by a gang of
gun-wielding robbers. One guard was
killed. The robbers fled with the
loot—never to be identified or captured.
There haven’t been any armed
robbery attempts since, but Mint
officials sense other threats today. ^With
the escalation of international terrorism,
our sphere of expertise must go beyond
deadbolt locks and security alarm
systems," Denver Mint security chief
Wallace wrote in his budget proposal for
this fiscal year. “We cannot assume that
the Denver Mint will not be a future
target of Third World causes or
mentally unstable individuals."
The Mint is an inviting target It
doesn’t store cash anymore, but it
produces 32 million coins a day—more
than any other mint in the world—and it
stores millions of ounces of gold bullion.
In the 1930s, war rumors prompted
the feds to transfer $2.5 billion in gold
bricks from San Francisco to Denver.
Subsequent shipments have pushed the
third-largest gold depository in the
country (Fort Knox has 147 million
ounces. West Point 57 million).
With gold currently selling at about
$360 an ounce, the Denver Mints haul
is worth nearly $16 billion.
To protect it the Denver Mint
employs about fifty security officers.
They’re supervised by a staff of three
sergeants, who report to three
lieutenants, who report to a security
chief and an assistant. There’s also
a detective.
With only a city block to guard, that
sounds like a formidable force. But the
Mint operates around the clock. Once
the security force is spread over three
shifts, coverage can get thin, particularly
during the busy summer months. Last
year a quarter-of-a-million visitors
passed through the Mint, with crowds
of several hundred at a time. It’s
Denver’s most popular tourist attraction.
In fact, the Denver Mint has the
smallest security force of the five U S
Mints, even though it has more
entrances and exits than the others—
including two entrances each for
employees and visitors, two loading
docks and six vehicle gates.
But security threats don’t always
originate on the outside. Over the years
several Mint employees have gone for
the gold.
Omlle Harrington managed to sneak
about $90,000 of it out of the Mint in
19i9 and 1920, hiding the gold bars in
his hollow wooden leg. He was caught
So was Geraldo Chavez, convicted of
stealing $20 in quarters in 1982.
,,Two years ago a thief turned up in the
Mint s most sensitive division: security.
Robert Kendall, a Mint officer for two
years, was caught stealing about $1,000
worth of very shiny quarters. The teller
continued on page 12
CITY LI MITS
FUELED
AGAIN
The pipeline that poured billions in
federal tax money into failed oil shale
developments is about to start flowing
again. And Colorado congressmen are
helping to open the spigot
Congress is poised to approve an
Interior Department appropriations bill
that would fund an ofl shale research
facility in northwest Colorado. If the
commitment holds. Unde Sam will
spend another $70 million over the next
decade priming the pump of an oil shale
industry.
There’s no such industry now, even
though the U.S. Synthetic Fuels Corp.
spent billions in the late Seventies and
early Eighties trying to create one.
Converting oil shale—the rock that
burns—into oil was one of the battles
in Jimmy Carter’s war for energy
independence. It’s estimated there are
up to one trillion barrels of oil
in the shale of Utah, Wyoming and
Colorado—as much as the world’s total
known reserves.
But sagging oil prices and
technological hurdles persuaded oil
giants such as Exxon to abandon their
oil shale projects in the early Eighties,
and in 1984 Congress abolished the
Synthetic Fuels Corp. Only one plant
actually made it off the ground, and it’s
shored up by millions in federal price
supports.
The thirst for federal subsidies
remains, however. The Oil Shale Action
C onimitltnr was rormcxf try pettftic
officials in Utah , Wyoming and
Colorado soon after the synfuels
program dried up. The committee won
$450,000 in research funds over the past
two years, but its proposal for
a demonstration plant went nowhere.
Then earlier this year Occidental
Petroleum agreed to put up half the cost
of the ten-year, $200 million oil shale
research project The company would
run the 1,200-barrel-a-day operation
at an abandoned site on the Piceance
Basin between Rifle and Meeker.
After that Congress quickly fell in
line. A Senate panel approved $3.5
million for the facility in July; its House
counterpart went along for $500,000.
The difference will be reconciled by
a conference committee later this
month.
Synfuels’ critics are surprised by the
renewed interest in the industry. “It
sounds like the nightmare of synfuels
that we finally managed to get rid of
a few years ago,” says Tom Lustig,
staff attorney with the National Wildlife
Federation Resource Clinic in Boulder.
Although the Sierra Club hasn’t taken
a position on the subsidy, Kirk
Cunningham, the former conservation
chair of the club’s Rocky Mountain
chapter, doesn’t like it “If oil shale is
an economically viable industry, it can
put its own money into research,” he
says.
The handout particularly galls critics
because during the past few years about
100,000 acres of publicly owned oil
shale land have been purchased at
prices well below market value thanks
to a century-old mining law. Some of
those buyers then made millions selling
the land to oil companies.
“Even when we practically give them
the land, they still can't develop
the resource unless the government
subsidizes them,” Lustig complains.
“To give the land away and then give
them money so they can do something
with it is to compound a sin with a sin.”
If anything, the case for developing
‘ synfuels is weaker than it was a decade
ago. While the U.S. was once beholden
to a powerful oil cartel, now OPEC is
weak and unable to control oil prices.
And since there’s more concern over
global wanning than energy
independence, oil shale is a less
attractive option because burning oil
creates more carbon dioxide that
damages the atmosphere.
Colorado Sen. Tim Wirth has been
the Congressional leader in the fight
against global warming. Nevertheless,
he’s backing the new oil shale subsidy,
as are Sen. William Armstrong and Rep.
Ben Nighthorse Campbell, whose
SEPTEMBER 27-OCTOBER3.1989-WESTVVORD-PAGE 9
district covers northwest Colorado.
Campbell spokeswoman Carol Knight
says that although the congressman
opposes selling oil shale land at fire-sale
prices, he supports developing the shale
industry and is willing to federally
subsidize it Energy independence is
still an important goal, she explains.
Jim Evans, director of the Associated
Governments of Northwest Colorado,
says subsidies are necessary to develop
the industry because most of the oil
shale is on federal land.
Developers can lease the land, but
there’s no reason to wait for oil
companies to make a move, Evans says.
“If we do nothing, as soon as there’s
another oil crisis everyone will get back
in the business and we’ll have another
chapter in the boom and bust cycle,” he
says. “We’ve already had four of those.
This time we’re going to have a steady,
rational development approach."
Funded in part by taxpayers. In
addition to federal money, the project
will need about $30 million in state
funds. Sponsors haven’t decided
whether to seek a state appropriation or
ask the Colorado legislature to divert
the project’s royalties from the state
treasury, Evans says.
The investment is a good one, Knight
says, because unlike the synfuels
boondoggle that funded commercial-
scale operations, the proposed
appropriation goes to a pilot project
designed to develop the technology.
Oil companies haven’t asked the feds
to subsidize full-scale operations—not
yet, anyway.
—Bryan Abas
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PAGE 12-WESTWORD-SEPTEMBER27-OCTOBER3,1989
MINT
continuedfrom page 10
at the bank where he deposited the
coins got suspicious; that triggered
a probe that nabbed Kendall. He’d
somehow managed to slip a fifty-pound
bag of money out of the Mint, evading
metal detectors that all employees are
supposed to pass through as they leave
work.
“I’m not sure how he got it out,”
then-deputy superintendent Duane
Sjaardema acknowledged.
Mint security police might have been
a tad distracted. At the time, the force
was in the midst of a full-scale revolt,
with officers and managers trading
charges of favoritism, unfair
promotions, misuse of funds, lack of
leadership and communication, and
failure to share information in criminal
conduct investigations.
Some of the complaints were petty,
others serious. One accused Mint
security supervisors of bungling
a criminal probe with an illegal search.
Another alleged that employees caught
stealing were disciplined
administratively instead of prosecuted.
Part of the problem is that the Mint
is run by a superintendent who is
a political appointee with no prior
knowledge of Mint operations. That
leaves the real bureaucratic power in
the hands of division managers, who
operate with impunity because they run
circles around the superintendent.
‘They can pretty much write their own
ticket if Washington lets them,” explains
Don Solano, a Mint employee for
eighteen years and president since 1980
of its union, a chapter of the American
Federation of Government Employees.
In the security division, the lack of
a strong superintendent is compounded
by resentment between new and
veteran officers.
For decades the Mint used only
armed security guards. Then in the
1970s, in an effort to boost the quality
of its force, the Mint required that
applicants have a relevant college
degree or three years of police
experience, and that officers take
training courses similar to those for
federal marshals and border patrol
agents. Since 1979, Mint security
officers have had authority comparable
to police officers, including the power
MICHELLE E. MCCUMBER
HOME: Denver, Colorado
PROFESSION: Consultant, Big Eight
Accounting Firm
HOBBIES: Jazzercise. And eating.
"Living in Lower Dowtown puts me in
dangerous proximity to some of
Denver’s best eateries."
LAST BOOK READ: ISPF Dialogue
Test. Author unknown. "Don't give me
an)' f-rief. It's an IBM policy manual."
GREATEST ACCOMPLISHMENT:
(Jetting a credit history established.
"Do you know what’s involved in
getting your first house financed?"
WHY 1 DO WHAT I DO: Challenges.
"Challenges left and right. Designing a
new generation computer billing system
for U.S. West is no small task. I've got
to get back to it right away."
QUOTE: "To those of you in our
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do not attempt this trick at home."
David Letterman.
PROFILE: Visionary, stylish,
innovative, impatient.
HER COCKTAIL: Vodka Gimlet, on
the rocks.
WHY I WILL LIVE IN EDBROOKE
LOFTS: "It's the attractive standards of
loft living. The big spaces are right, and
it's something I can design the way I
want it. Definitely.
Traditional loft condominiums handsomely
finished from 1,439 square* feet and $92,200 lo
square feet and $225,800
J3-LOFT4
to arrest The newer members feel
some of the veterans stdl behave like
glorified jail guards. -They don t „
understand proper police practice,
notes one of the new recruits.
There has been racial resentment,
too. In 1987 some white officers
complained that then-security c * 1 J e . ,
William Pulliam, a black, was unfairly
promoting black officers.
Solano’s concern grew as
on the force escalated. He says he tae
of several alarming incidents between
security officers and supervisors,
including one dispute in which two
officers had their hands on their guns,
ready to draw and fire. “There was a lot
of hollering and namecalling going on,
Solano recalls. “When one of them
threatened to shoot up the damn place,
I realized the seriousness of the
problem.” , , .
In part because of Solano s pleas,
Pulliam and then-Denver Mint
Superintendent Nora Hussey agreed in
June 1987 to ask the inspector general
of the U.S. Treasury Department to
investigate. At the hearings that
followed, security officers vented their
frustrations. “There was an awful lot
of bitching and moaning," Solano says.
Over the years several Mint
employees have gone for the
gold- _____
“I thought 1 was going to walk into
those hearings one day and see
a shootout at the OK Corral.”
Later that year the inspector general
issued a report. Mint officials refuse
to comment on or release it, but one
lieutenant was suspended for ninety
days and Chief Pulliam was transferred
to San Francisco.
GOP POLITICAL OPPRmvK and Coors
friend Cynthia Grassby Baker was
s elected superintendent of the Denver
Mint in September 1987 to replace
Hussey, who had resigned. Bakers
primary claim to fame at the time was
the accusation by congressional
investigators that she’d mismanaged
a federal humanities endowment by
spending more money than she’d
raised. She denied the chaise, saying
investigators were misreading the
numbers. Baker had left the endowment
by the time the congressional report
was issued, so no action was taken
against her. .
Baker and U.S. Mint security chief
William Daddio appointed Wallace,
a Secret Service veteran, to be the
Denver security chief in late ’87. Wallace
declined to be interviewed by Westword ,
and Baker did not respond to a request
for comment last week.
Wallace’s experience didn’t help calm
the troubled security division.
Grievances and discrimination
complaints are still filed regularly; more
than two dozen are pending. The
problem, Solano says, is that officers
aren’t given any opportunity to
comment on division policy, including
performance evaluation standards.
When officers are denied promotions
or salary hikes for what they consider
arbitrary reasons, they strike back with
the only tools they have: grievances and
discrimination complaints.
They have good reason to be upset.
Solano explains. Wallace has adopted
performance evaluation standards based
in part on how many arrests officers
make. “It’s terrible ” Solano says. “If
they’re not making any arrests, it’s not
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MINT _
continued from page 13
them to their owners once the Mint tour
is completed.
One officer says he’s petrified of
someday being held accountable for
what a Mint visitor does after retrieving
a weapon. “If that person goes nuts and
kills somebody with that gun, it would
be our responsibility,” he explains.
Preferential treatment for
administrators also undermines Mint
security, critics say. Wallace issued
a written order soon after his arrival that
neither he nor Baker had to go through
the metal detectors when entering or
leaving. He later verbally modified that
decision to give officers the option
of excusing certain people from the
procedure.
And Wallace regularly visits
production areas without wearing the
required shoes, eyewear and earplugs.
That habit prompted a formal complaint
from production supervisors. “I can’t get
people to obey safety rules because they
say, ‘If I have to do it, why doesn’t
Wallace?’” one veteran supervisor says.
“Rules around here apply only to the
peons. The uppers don’t comply with
anything, not even safety rules.”
Employees favored by management
also get preferential treatment Some
officers regularly sleep on the job
without feeing discipline, critics say.
And others aren’t prosecuted when they
should be. One employee who shoved
another after he renised to participate
in an award ceremony at Baker's office
in April escaped any form of
punishment Some officers familiar with
the case say the employee should have
faced an assault charge.
overreacting has prompted
some employees to dub Mm
“Stormin' Normin," _
Frustrated officers are going around
Wallace these days by filing reports with
the inspector general’s office. The
pushing incident was handled that way.
So was a report describing what officers
say is evidence of theft by the Mint’s
janitorial firm. No action has been
taken, they charge, because the theft
is occurring with the support of Mint
supervisors. “Things like this have been
going on for years,” one disgruntled
officer says. “It’s the way they do
business around here.”
Some Mint employees are also galled
by Wallace’s misdirected energy on
trivial matters. The all-out probe of the
wet-paint incident is one example. His
decision to confiscate coins from
SEPTEMBER27-OCTOBER3,1989-WESTWORP-PAGE15
employees is another. Workers aren’t
allowed to take their own coins into
work, but sometimes they forget.
Before Wallace’s tenure, employees
arriving for work with coins in their
pockets had to turn them in but got
them back at the end of the day. But
for several months last year Wallace
refused to return the money. The policy
was changed after Solano and others
complained, but Solano says he’s still
trying to account for about $200.
Wallace’s habit of overreacting has
prompted some employees to dub him
“Stormin’ Normin.”
BAKER RESIGNED AS Mint director in
April. Her successor, Barbara McTurk,
is awaiting Senate confirmation. If
approved, McTurk will be another
superintendent with no prior experience
relevant to the Mint. She worked at the
Jefferson County Community Center for
the Developmentally Disabled and
served as the Colorado field director
to George Bush’s presidential
campaign. The Denver Mint is being
run by an official from the Philadelphia
Mint in the meantime.
Wallace referred all Westword s
questions to U.S. Mint security chief
Daddio in Washington, D.C.; the Mint’s
public information officer denied
a request for an interview. Westword
submitted several questions about
Denvers security division, but Daddio
didn’t respond. Denver Mint employees
say Daddio backs Wallace and seems to
think there’s no problem Wallace can’t
handle.
But some workers are convinced
there’s one job Wallace can’t handle:
protecting the Mint. “Nobody in
security takes their job seriously
anymore,” says a veteran supervisor in
another division. “There are a lot of
dedicated officers over there, but
they’ve been shit on so much, that’s
their attitude ”
“There’s so much complacency here,’
one officer says, “that if something
serious were to happen, there’s no
way we’d be able to respond to it
professionally. A lot of innocent people
would get hurt” □
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CRYSTAL
BAWLS
Lou Wright has
seen the
future—and
she’s wrong.
BY GIL
ASAKAWA
The cafler stamrrxTV i insure whether
*htr'% on the air. “I/aj, rny r^-srion »
to yot j. I'm in fove with a man named
Chm. and he * in fove with me. Do you
•ee th» as anythin# tta* could be
workable^
“Permanent, can 00 to marriage, very
workable. Pray a kit give it a lot of time
and be patient' replfo** psychic Lou
WrighL She answers rjuiddy, starting
before the question's finished.
Every Sunday night caflers eagerly
await their chance to test W right's
abilities on KYGO, the (/Aintry-musk
radio station where she hosts a weddy
talk show Much of the air-time is
devoted to interviews w*h special
guesLs, but the rest goes to fatenerv
Wright's fans ask her advice on how
to orgamze their Ives. oMticulariy
fenanciafty and n/manucafly— her
«cecialf ies- During breaks in the action.
Wright pilches her prwsie practice.,
icrving her twrriber and avcriac
U*~nc*~ mhc *~w-ninu **vi
\*i ampr/wlw'nl* Ar»d a*
/ jus iff tuxjr mm tm t jn
SJj p*~r h*JHujur j ii wa rn
kXtowrr* thunk she s worth
rf Th/ psychic has been doing her
Denver show for afmost a decade, and
she is regularly quc4ed in the Satumal
Enquirer She% ceriainiy the most
visible pregnosticalor in Denver,
a town renowned for the size and
strength of its metaphysical community.
Dar Emme. a Westminster psychic
whose family runs the Colorado Psychic
Center, estimates that the dozen p^chic
organiz^ions operating in the area have
over 75 /)00 names on their mailing fat*-
“We're a smaS center, and we have
6/JQO names on our feL' die say*- “The
k way bealfo and growing by
laps and bounds. The new^ge and
metaphysical movernents ae drawn to
the re«n. she says, because' of its
central Vacation, geographic purity and
spiritual history with "sues that are
sacred to Saar/*- Americans; it's been_
a special place for many generations."
Denver's /<xx! vibrations are so
Wren g that the area averages one pwbfic
psychic fair a month. Dar Emme says.
That's where the community comes
-x afl of the community, thcaigfr-
'Lou Wright used io do psychic fairs.'
says Liar's husband. Dale, also a
psychic “Sow die considers herself
better than the rest of us. 1 respect the
worm, but she comes across as very
pompous and a knowk-afi to other
psychics'
But Wnght could never have
predicted hr/w her own love ife would
turn out Wrighr's romantic instincts
haw failed her four times—at fifty-two,
dies on her fifth marriage And the
men she's left behind aren't satisfied
customers. One is already wing to
r the <fivoroe settlement. dawning
Wright engaged in some unpredku&le
financed shenanigans; another
exhusband is threatening to do
the same.
Dick Deubei a Lakewood realtor who
was married to Wright from 1900 to
L9te, isn’t enchanted with his ex-wife's
psychic powers. “At this point, HI agree
that she is phony" he says
Deubei has filed a motion in Jefferson
County asking that the couple s dnorce
settfement from last year be nufified.
He took Wright's word on how much
discarded and “a fair amount of
maintenance be awarded.'
Since Deixbef handled Lou Wright
Enterprises' financial records be was
wefi aware of Wrights facr«ne. her
attorney says, fax turn. Wright accuses
her former husband of harassment.
$281 a week, $L20D a month—wfien he
fiSed out the couple's divorce settlement
last year. Deubei says.
In the motion, which is set for an
October hearing. Deubd claims Wright
made more than SlOjOOO a month. And
be wants some of it.
Deubd is asking for a redfctrfoution
of property from the couple's eight-year
marriage, aid requesting that the
waiver of maintenance he signed be
j business records, fc early
Au gust she obtamed a restraining order
prohibiting Deubd foam gomg near her.
Lou Wright could never have
predicted how her o wn love
life would turn out.
M- _ 1 -1-*- 1 -* - . CT.* * i . _ . J
Deuce* oenaes Harassing *i ng££. anr.
dawns he's had his own share of
harassing phone cafis. He has some of
her busmess records, he says, but
found them m the trash outside her
office last summer, when he firs:
became suspicious of her stated mcorae.
k his dmnpster-dmng, Deubei came op
with an appointment calendar for the
month of August that shows Wright
averaged tea 1
a day. Alcaide thee
_ - ^ .
CODsTUK <
is one week. Wright made S3JTO
predetiog dae futore.
It never occsrred to me that she
yaking that arfe money, act rea£y ~
he «zys It's a crazy bessat and
I know she had expenses. K fefc she
probably made a fiide more thae that
and pocketed a. bnt aot esr.ugh so
origgai serfemera papers. Denbd issed
Wrights kaoooe as >281 a week
beca^r “that s what axe told ae she
made,* he exposes.
Aker ac inridfat ■ wiad x Wnght
accased tan d “spying' os her. Deabei
who kept die cccapasy's books. wasa\
eves aiowed at las ife's office and had
to surrender his keys, he szy^ T weni
along wsh her aties wju're n^aried.
amtinwedon page IS
louring the
Denver Mint
k Hi t nnn
B"or other
ways to have
fun when
you're short
of funds, see
page 12
JULY 16. 1989
penny-pincher
of an idea of
a good time
PLUS: FASHION/HOT HBADS - Page 16 r) DAVID MCQUAT/MIPACLB SHOT - Page 2
(XlNTEMPORAHY
DAVID MCQUAY
jyf IRACLE SHOT
Cancer changes the rules in the game of life
The Denver Pom j Maureen Seance
He could play defensively, avoid the operation, and be assured
that he would live for a while. Or he could gamble and go for the
tough shot and risk everything.
the stomach, the spleen, and part
of the esophagus. Things \oohed
S O what’s it going to be?
The surgeon explained
the options to the old
man.
You have cancer of the liver,
the esophagus and the stomach.
We can’t do much about the
liver. But we can take the
stomach out. You could live
longer — six months, a year,
maybe more. You’ll be on a
soft-foods diet. If we don’t
operate, you’re going to have
more pain.
But the
choice is
harder than
that. This
could be a
traumatic
surgery for an
80-year-old
body, and it will last five hours.
There are dangers lurking like
land mines: the anesthesia, the
shock to the body, the possible
complications. There’s a 50-50
chance that you’ll die on the
operating table.
It was July 4, Independence
Day, and my father looked at Dr.
Morales. This was the biggest
independent decision he would
make since he got married 42
years ago.
“The thing is, I feel fine,” he
said, mystified by the cancer
fjttinj? through hije 1
could still pass for 65; he still
mowed the lawn and shoveled
the snow. “I don’t have any pain.
I have gardening to do.”
And like an old pool player,
my father eyed the table and
tried to figure out how he could
win this game.
He was the classic Irish
Catholic son, devoted to a
mother who was bedridden for
years. He took care of her every
day. It was only after she died
that he met my mother and got
married. He was 38.
Since then my mother handled
most of the decisions. Budgeting
the money, planning family
trips, taking care of school
problems, Christmas gifts —
these were all under the
matriarch’s domain.
He played life more
defensively than she, staying
with one company for most of
his adult life, working a
blue-collar job, never advancing
into management or opening his
own business, and rarely
traveling.
Every evening at 5 p.m. he
came home to a hot dinner, cold
beer and the security that things
were taken care of by his wife.
And in retirement he liked the
simple things: working in his
garden, reading the sports pages
and playing with the dog. He
didn’t like to travel. He would
rather play his Mario Lanza
records and read a gardening
book than see Venice or
Florence. Florence who, he’d
joke. It’s hot in Italy, and
anyway some punk would
probably try to steal my wallet.
He liked to shoot a few games
of pool, and the family members’
styles were telling. My brother is
flamboyant and fast, and it was
a thrill to watch him break the
triangle of balls.
I am slower and more
^or^brfl). analyxins tho
geometry of each situation until
the mathematics leave me
confused. My mother plays a
good, uncomplicated game
despite her poor eyesight.
My father plays defensively,
making other players grit their
teeth as he slips the cue ball
down the end of the table, gently
bumping a ball or two and
separating it from a key shot his
opponents want to make. When
he does sink a ball, he does it
slowly, and by the time the cue
ball rolls down the carpet of
green toward the lonely 9 ball,
vou could have walked up to the
kitchen, gotten a beer out of the
fridge, patted the dog, called for
a pizza, and walked back down
to see the 9 ball drop in the
corner pocket.
But this talk about an
operation, this was a tricky shot.
The old man looked at Dr.
Morales. He could play
defensively, avoid the operation,
and be assured that he would
live for a while. Or he could
gamble and go for the tough shot
and risk everything.
After a pause, and with no
help from his wife, he told Dr
Morales he wanted the
operation. He decided to become
an offensive player.
He wanted more time to work
in the garden, more time to be
with his wife. It was worth the
risk.
Sometimes, he said, miracles
occur. Look at the upstart
no-name Orioles. They might go
to the World Series, and he had
to see that. Let’s shoot for a
miracle.
He was wheeled into the
operating room the next day in
fine spirits. Dr. Morales took out
worse than Morales thought.
But he survived the operation.
The surgeon marveled at how
strong the old man was. “I’ll be
back in the garden in a few
weeks,” the old man had said
before surgery.
There was work still to be
done, more tomatoes to harvest,
and more games of pool to shoot.
He was getting pretty good with
that stick.
David McQuay is a Denver Post
Staff writer.
INSIDE CONTEMPORARY
story
Looking for some cheap thrills
this summer? The cheapskates in
the features department have di¬
vulged their favorite ones that
will entertain you at little or no
cost. Page 12.
Cover
16
By Tracy Seipel
Short hair is wnere it’s at for
women this summer. And if
you’re a little more gutsy than
the woman at the next desk, you
can get a really short cut.
6 _
DAVE BARRY
The humorist caved in and bought his son a Nintendo
-vrdeo-game system. And despite what some psychologists
tell you, the game has some benefits, he says.
20
By Helen Dollaghan
Seafood consumption has been going up annually since
1982; the rate is now 15 pounds per person. Grilled fish
with two tomato-ginger relish is just one of the dishes that
can help you increase your enjoyment of this summer treat.
PAGE/CONTENTS
4 JOANNE DITMER
5 SOCIAL CALENDAR
10 JEANE DIXON
11 DR. ART MOLLEN
18 ANN LANDERS
19 PERCY ROSS
23 ON MY MIND
On The Cover: Money coming off the
presses at the Denver Mint. Cover
story design by Maureen Seance.
Diane Carman
Contemporary Editor, 820-1281
2
The Sunday Denver Post / Contemporary / July 16, 1989
T'ssue.
~Yuly
tn to Content* Copynght 1HI fry I
9 4S36S fUSPS HO 120700) (ISSN 0010-0*47)
Single Copy U.S. SI .25
* *4* «* 4 4 ***** *4 UMGUE CTY PG?
T7ri e cnPi^ REL0320 C31588JUNC-690
IlUKLtL MPfil
5f‘ I 2 I r7. P c B b IC SALES DIV 1*73
2C CCLFaX IVENl’E 1*27
EhVtP CQ 6C204
AUCTION
price
record was
set June 20
for an
Islamic
gold dinar.
THE WEEKLY NEWSPAPER OF THE ENTIRE NUMISMATIC FIEU
Bids farewell to
Treasury post
Ortega leaves her mark
By Beth Deisher
COIN WORLD Editor
Billions of Federal Reserve notes bear her signature.
Millions of Americans remember her from the podium of the 1984
Republican National Convention.
But thousands in the numismatic community readily recognize both
her signature and her smile.
Quiet, determined and sometimes seemingly shy, Katherine Davalos
Ortega, 38th Treasurer of the United States, during her five years and
nine months in office, sought a high profile for the agencies for which
she had oversight responsibilities: the United States Mint, the Bureau
of Engraving and Printing, and the U.S. Savings Bond program.
As she prepared to leave office June 30 Ortega, in an interview with
Coin World, reflected on her participation in the decision making at
Treasury and had some advice for her successor.
Team effort important
“I would encourage my successor to remain very involved with the
different bureaus and participate with the directors. It has to be a
team effort; working together, not adversarial,” Ortega said.
Making sure that the “team" at Treasury was working to^tter be-
came one of her first assignments upon taking office OcL 3,1983. (
Orteea’s predecessor, Angela "Bay” Buchanan, served notice early
on thafshe intended to be a hands-on manager Buchanan, drawing on
her clout within the Reagan administration, changed the role oftoe
modern Treasurer from that of a largely ceremonial head of ^ Sav¬
ings Bond Program to oversight of the three agencies which Merely
make money for the government Buchanan also opened the door for
modera commemorative coinage programs and was an early and en¬
thusiastic supporter of the commemorative coin program honoring
the 1984 Los Angeles Olympic Games.
Please see ORTEGA Page 62
1
ce
704
Mn June 20 as
301,704 at the
on in Zurich,
n estimate of
1.5802 in U.S.
fee was added
old, silver and
on totaled 1.1
ar, which was
A.D. 685-705).
jcument in as
ic legend. The
ibly struck in
phs.
U.S. TREASURER Katherine D. Ortega
worked under the watchful eye of the
first Treasurer, Michael Hillegas.
ns post largest one-month drop
I 1
l l
Gold commems
Silver commems
Franklin halves
Morgan dollars
Peace dollars
Gold dollars
Indian Head $2.50
Indian Head $5
Indian Head $10
Saint-Gaudens $20
down
up
down
down
down
down
down
down
down
down
? t
9.3%
4.44%
8.56%
4.68%
3.81%
8 . 22 %
19.01%
12.45%
12.82%
5.72%
1 * •
TV
M l
r < :
H I f i! 1 ?
-
11
i :
l i
MS-60 registers gain
By Keith M. Zaner
COIN WORLD Trends Editor
Mint State 65 coins tracked by the Coin World’s Trends Index
dropped 20.79 points in June, the largest one-month percentage
loss reported since the inception of the Trends Index in Decem¬
ber 1983 and the first drop for the MS-65 Index in 1989.
The rare coin market had previously shown a sharp price rise:
eight straight months for the 16,576-value market index, four
months for the Mint State 63 index and six consecutive months
for the MS-65 index. However, the market came to a screeching
halt during June. Only the MS-60 index (2,596 values) showed a
eain, and that just of 1 percent.
The Coin World Trends Index for 1,325 MS-65 values declined
20.79 points to 283.38, a very steep one-month 6.83 percent fall
^Thetess volatile MS-63 index, which compares 347 values, also
dropped. The June index of 162.7 points was down 2.6ipomts
i u’hirb trpnci^t^c to p 1.57 percent
JJNrft. My 21 1989. -Oenw. <Mo Rocky MountJ
[Mint visitors
evacuated
as workers
report rashes
By LEROY WILLIAMS JR.
Rocky Mountain News Staff Writer
About 200 visitors to Denver’s Mint were
evacuated yesterday after seven workers de¬
veloped rashes while unloading metal pallets
from a truck.
Denver firefighters first thought the call
at 1:45 p.m. involved asbestos, but began
looking for chemicals that could have caused
the ailments.
However, no chemicals were found, and
federal health officials will investigate fur¬
ther
Two of the seven workers, who also com¬
plained of itchy eyes and shortness of
breath, were taken to Denver General Hos¬
pital. The other five remained on the job
yesterday. None of the Mint’s other employ¬
ees was evacuated.
The workers apparently suffered the skin
irritation when they walked into a truck
trailer to unload the shelf-like pallets, which
are used to transport newly minted coins
that end up at Federal Reserve banks. The
empty pallets were delivered from Los An¬
geles.
Doug Pickup, an industrial hygienist with
the U.S. Public Health Service, said his of¬
fice would examine the employees' clothing,
the truck trailer interior and the pallets to
try to isolate any chemical.
A call for an ambulance at 1:45 p.m. also
LINDA McCONNELL /RocJty Mountain News
A paramedic helps an unidentified worker down the Irritation. Six other employees had similar symptoms
steps of the Denver Mint after the worker developed skin yesterday after unloading a truck.
brought Denver firefighters, who originally
suspected the workers’ ailments were being
caused by isocyanate, a chemical compound
However, fire department hazardous ma¬
terials specialists were not able immediate¬
ly to find any traces of the isocyanate in the
loading dock area or in the truck, said assis¬
tant fire chief Tom Abbott.
Isocyanate, a chemical compound, is used
in a variety of applications, including the
manufacture of resins and adhesives, but is
not used in minting coins.
Mint officials ushered out about 200 visi¬
tors touring the facility on West Colfax Ave¬
nue in downtown Denver. Bill Smith, the
mint’s deputy superintendent, said the inci¬
dent posed no danger to the visitors or the
nearly 350 employees working inside.
Pickup, whose division provides occupa¬
tional health services for federal agencies,
said a similar instance of a skin irritation
suffered by a mint employee occurred sev¬
eral months ago.
Hifftnit
) MjunUm fiexs Thurv, Mill, 1989, Denw. Co*o .
Om, sweet om
on Ether Street
Om, Om, on the
range.
Imagine a groovy
city. Meditate about it for
a moment. You see, de¬
veloper Michael Coyle
thinks Denverites are
hankerin’ for some Om in
their homes. He plans
to build the Maharishi
City of Immortals, a
subdivision of 100 homes
somewnere in the Den¬
ver area. The divine de¬
velopment of 100
homes, with price tags
ranging from $200,000
to $400,000, would be inspired by the teaching
of Maharishi Mahesh Yogi, founder of the
transcendental meditation technique and men¬
tor of Beatles and Beach Boys.
Similar pricey communes are in the works
in Austin, Texas, San Francisco, L.A. and other
U.S. cities — all overseen by the California-
based Maharishi Heaven on Earth Develop¬
ment Corp. The communities will be free
from stress, crime, pollution, cars and other
trappings of civilization. Amenities include
the Maharishi School of the Age of Enlighten¬
ment, a private day school with grades K-12,
a holistic health center, a civic center and or¬
ganic gardens and oversized lots. Sounds like
Highlands Ranch for hippies.
Coyle admits there may be some resis¬
tance to the name, Maharishi City of Immor¬
tals. What are they going to call the roads? I
can hear it now — "Meet me on the corner of
F.,st Bbagwan Boulevard and TurhaaJ^.
Bill
Husted
Jet crash may spur rule;
Child safety seats
restudied by FAA
Currently, no federal regulations re¬
quire special children’s seats on airlin-
* '* "** -arents to
ers, though the FAA urges parer
use seats that are identical to those
By DON KIRKMAN
Scripps Howard News Service
WASHINGTON — The crash of Unit¬
ed Airlines Flight 232 may lead to Fed¬
eral Aviation Administration regula¬
tions requiring special safety seats for
infants and children on all airliners.
An order to “take a new look” at
rules that would require children’s seat
restraints on commercial aircraft has
been issued by newly installed FAA
adminstrator James Bucey.
Though UAL refuses to say how
many children were on Flight 232 when
it crashed last week at Sioux City,
Iowa, emergency rescue crews said a
surprising number of youngsters were
on the plane. Some of the children were
traveling without parents.
used in motor vehicles.
The accepted procedure for protect¬
ing an infant during a crash is to wrap
the child in a blanket, put the child on
the floor, pad the child’s body with
pillows, then bend over and press the
child to the floor, said an official at the
Association for Flight Attendants
An FAA spokesman said that proce¬
dure was used in the UAL 232 crash,
but the infant slid away from its moth¬
er and was killed.
Another passenger on the flight was
told to keep her child on her lap and
wrap her seat belt around both herself
and the child.
“It looks like conflicting instructions
were issued,” an FAA source said.
✓ Records of DC-10 en¬
gine examined/17
✓ ‘Survivor’ of Flight 232
never boarded plane/17
special seats.
The disagreement intensified after
the UAL 232 crash when NTSB board
member Jim Burnett said he would
urge the board to take a close look at
child safety during airline accidents.
In contrast, the FAA has refused to
approve a child-safety-seat regulation
because it would require the airlines to
spend a large amount of money to pre¬
vent very rare occurrences — the loss
of children s lives in crashes.
Four infants are known to have been
on the plane, and one was killed.
Bucey’s order may end a disagree¬
ment between the FAA and the Nation¬
al Tr ans portation Safety Board. Since
1983, the NTSB has urged the FAA to
approve regulations that require in¬
fants and children to be strapped into
Certain to be issues during the FAA’s
deliberations are who will provide the
children’s safety seats, the airlines or
parents, and whether parents will havi
to pay an extra fare if their child occu
pies a seat. Currently, passengers d(
not have to pay for youngsters who sit
on a parent’s lap.
COIN WORLD, Wedne»day, Auguat 16,1989
39
Report critical of Mint's accounting system
The United States Mint’s cost accounting
system came under fire In a report by the
General Accounting Office that was present¬
ed Aug. 1 during a hearing on the Mint ap¬
propriations for Fiscal Year 1990, which be¬
gins Oct. 1.
The hearing was before the House Bank¬
ing Subcommittee on Consumer Affairs and
Coinage headed by Subcommittee Chair¬
man Rep. Richard Lehman, D-Calif.
The report was the result of a request
om former subcommittee chairman Rep.
rank Annunzio, D-Ill., during the 100th
Congress. The complete report was present-
id to the Coinage Subcommittee by Jeffrey
C. Steinhoff, director of Financial Manage¬
ment Systems Issues Accounting and Finan¬
cial Management Division, General Ac-
countii * Office.
The report explains the GAO’s review of
the following areas:
• Whether Ue Mint complied with the le¬
gal requirement Involving the shipment of
1986 Statue of Liberty coins;
• Examinatior of internal controls for
coins and coin c*ies;
• Evaluate aspects of the Mint’s financial
management ;<ystem related to accounting
for costs, controlling funds and providing fi¬
nancial information to managers;
• Assessment of the budgetary fund struc¬
ture for numismatic programs.
The GAO’S review, which states that the
majority of problems cited in the report in¬
volve the San Francisco Mint, determined
critical elements of the Mint’s financial sys¬
tem need modernization; reports on reve¬
nue and expense need improvement; inter¬
op controls over dies and coins need
t re . ngthening; insignificant numbers of Stat-
of Liberty coins were shipped without
yment; and a numismatic revolving fund
aould be established.
Gustavo Friederichsen, press secretary
for the Office of the Treasurer of the United
States, said U.S. Mint Director Donna Pope
was provided the GAO report July 31 — less
than 24 hours to review the GAO report and
provide a response at the House subcommit¬
tee hearing.
Friederichsen said Pope will further re¬
view the GAO findings and develop an addi¬
tional response that will be provided at an¬
other Coinage Subcommittee hearing at a
date yet to be scheduled.
Pope told the subcommittee that the Mint
has been assessing its manually-prepared
manufacturing cost accounting system and
implementation of updating with the assist¬
ance of two separate accounting and finan¬
cial management services firms. Grant
MINT from Page 24
The San Francisco Mint recently imple¬
mented its own automated die inventory
system, which is updated daily, the GAO
said.
An account settlement to check shortages
n bullion coins or coin planchets at San
-ranclsco did not show shortages, but large
overages for each coin denomination: the
physical count or weight for commemora¬
tive and bullion coins and coin planchets on
hand was greater than the corresponding
amounts shown in Mint records.
The GAO’s examination of two coin pro¬
grams involving seigniorage — calculated
as the difference between the face value of
the coin and the cost of metal, including fa¬
brication and transportation — showed the
calculation correct for the Statue of Liberty
Coin Program.
The calculation for the gold bullion Uncir¬
culated coin programs was incorrect, be¬
cause it included labor and overhead cost,
and as a result, material costs were over¬
stated by $525,000.
The GAO says the Mint properly accounts
for seigniorage as an adjustment of revenue
in its bullion accounting system and its reve-
Government Accounting
Office recommends
changes at the U.S. Mint
✓ Establish a public enterprise revolving fund to finance the
operation of the Mint's numismatic programs.
✓ Improve internal controls over dies by requiring quarterly
physical inventories and independent reviews of the
resolution of discrepancies in die inventories.
*/ Modernize the Mint's financial management system by
developing an automated cost accounting system
enhancing the funds control system and developing
improved management information reports.
^ Direct the San Francisco Mint to notify its security office of
bullion coin shortages shown on weight and piece
count reports.
i/ Direct a current and comprehensive assessment of its
vulnerability to theft and loss of dies be undertaken
and that annual reports discuss progress on
initiatives to improve its die inventory control
and practices.
Lehman, for himself and for subcommit¬
tee member Rep. John Hiler, R-Ind., intro¬
duced the Mint appropriation legislation,
H.R. 2931, on July 19 which calls for the
authorization of appropriations for the Mint
for Fiscal Year 1990 and FY 1991. The bill
was referred to the House Committee on
Banking, Financing and Urban Affairs.
Pope addresses subcommittee
In her remarks before the coinage sub¬
committee Aug. 1, Pope addressed a sepa¬
rate legislative proposal for a public en¬
terprise fund to finance numismatic and
Thornton and Booz, Allen and Hamilton.
nue and expense reports should also present
seigniorage in the same way, but are not.
Due to an accounting error at Mint head¬
quarters, material costs for the Statue of
Liberty program excluded costs of damaged
and rejected copper-nickel planchets for the
Proof and Uncirculated half dollars, thus
understating material costs by $200,000 and
profits by the same amount.
No payment for coins
The Mint did not comply with the legal
requirement that the 1986 Statue of Liberty
coins be shipped to customers only after
payments or guarantees of payments had
been.
The GAO found the shipments occurred
because the Mint discontinued in 1980 its
policy of holding numismatic coin ship¬
ments paid by checks for 10 days until they
cleared banks. That original policy has been
reinstated and strengthened to provide for
holding coin shipments for 15 days to allow
checks to clear.
Less than 1 percent of the 15.5 million
Statue of Liberty coins shipped were done
prior to receipt of payment, according to
the GAO report.
bullion coin operations for the Mint begin¬
ning with FY 1990.
Pope said the proposal calls for the Mint
to retain profits from FY 1989 reimbursable
programs to support start-up operations for
FY 1990 programs with sales proceeds from
FY 1990 deposited in the revolving fund. At
year's end. net profits from all numismatic
and bullion programs would be placed into
the Treasury’s general fund, except those
funds necessary for the next fiscal year’s
start-up costs.
“Full Implementation of the public en¬
terprise concept would enable the Mint to
be more responsive to changes in the pub¬
lic’s demand for numismatic and bullion
coins and would permit the Mint to operate
reimbursable programs in a more business¬
like fashion and help the Mint to compete
with other major markets of the world,"
Pope said.
She also referred to the proposed Mint ap¬
propriations bill, which calls for allocating
$50,735,000 for Mint salaries and expenses
Two major numismatic auction firms,
Bowers and Merena Inc., of Wolfboro, N.H.,
and Bank Leu Ltd. of Zurich, Switzerland,
will jointly offer the Kissel and Victoria col¬
lections in a Sept. 11-13 auction in New York
City.
According to a Bowers and Merena press
release, the collection of Peter F. Kissel
consists of numerous scarce and rare U.S.
coins, with emphasis on silver. Highlights in¬
clude early Massachusetts silver, an Albany
Church penny, early cents and a large selec¬
tion of silver dollars.
The Victoria collection of Canadian coins
comprises a large portion of the auction.
Many of the rarest issues of Canada and
Newfoundland are included, highlighted by
and 888 average positions.
The budget request will allow the Mint to
produce 19.5 billion coins, satisfying pro¬
jected demand requirements of 18.1 billion
coins and allowing coin Inventories to In¬
crease.
The Mint’s contribution to the Treasury
general fund for FY 1990 is estimated to be
$572 million which will come from seig¬
niorage, an off-budget receipt, Pope said,
while profits on numismatic and bullion pro¬
grams, an on-budget receipt, is estimated at
$90 million.
1990 budget
The FY 1990 budget request for the Mint
has a net Increase of approximately $3.7
million over FY 1989. Increases in the FY
1990 total $5.7 million and consist of $1.5
million to Increase circulating coin produc¬
tion; $400,000 for asbestos removal; $2.1 mil¬
lion to Increase equipment purchases and
building improvements; and $1.7 million for
mandatory cost-of-living increases, Pope
said.
The increase is offset by $2 million for
non-recurring costs, productivity and other
savings, Pope said.
The FY 1990 budget requests $1.3 million
In appropriated funds for the asbestos
abatement program at the various Mint fa¬
cilities, with the total program, projected
for completion at the end of FY 1993, cost¬
ing a total $7.1 million, Pope said.
There are no new research and develop¬
ment projects planned In FY 1990, but work
is continuing on previously developed proj¬
ects, Pope said. The coin feed press system
has progressed with the Installation of 10
units and a contract for 50 units completed,
with an additional 50 units planned for pur¬
chase next year, she said.
The Mint will realize savings of the equiv¬
alent of 19 full-time employees and
$700,000, Pope said.
A contract was completed in April for an
additional robotics system for count, bag
and stack operations. Pope said.
The Mint has requested $3.4 million for
equipment replacement of coin presses, a
blanking press, counting machines and in¬
dustrial trucks, Pope said.
Personnel requests for FY 1990 total the
equivalent of 2,145 full-time employees 888
for appropriated activities and 1,257 for
reimbursable activities, a reduction of 13
full-time equivalent appropriated employ¬
ees and 43 reimbursable full-time equiva¬
lent employees, Pope said.
Reimbursable activities for FY 1990 In¬
clude the annual Proof sets, Uncirculated
Mint sets, congresslonally-authorized
medals and the American Eagle gold and
silver bullion coins.
The requests include proposed reductions
in the Mint police force following a study
which may Identify ways of making the
force more efficient or may indicate that it
should be replaced by contract with private
security guards, Pope said.
what is believed to be the finest known ex¬
ample of "The King of Canadian Coins,” the
1921 half dollar. Early Specimen sets are
offered, including in some instances multi¬
ples of sets of which only a few are known
to exist. The Victoria collection also fea¬
tures a large selection of high-grade early
rarities.
Participation in the Kissei and Victoria
collections auction can be by mail bid or by
in-person attendance.
The auction catalog is available for $15
U.S dollars in the United States and Canada
and for $25 airmail to overseas locations.
For a catalog or information, write to Auc¬
tions by Bowers and Merena Inc., Box 1224,
Wolfeboro, N.H. 03894.
Two firms offer U.S. silver,
Canadian coins at auction
40
COIN WORLD, Wednesday, August 16,1089
U.S. Trends
Collector's role still vital
By Keith M. Zaner
COIN WORLD Trends Editor
Because of the extreme volatility and demand for
high-priced and high quality “slabbed’' coins, it is very
easy to forget the foundation upon which the hobby of
rare coins is built. The collector is the final consumer of
rare coins, and it is the collector who receives the
ultimate enjoyment, challenge and satisfaction from
participating in the interesting, historical and educa¬
tional aspects of numismatics While headlines reflect
the world record prices being set today for coins of all
denominations and series, the collector’s activities are
as strong as ever. According to Q. David Bowers of
Bowers and Merena Galleries Inc.. “The coin market has
been absolutely terrific for collector coins" So it is easy
to overlook the strength and activity being exhibited by
the collector of 1989
In fact, I became a collector approximately 25 years
ago I found it astonishing that you could go to a bank or
any other business establishment and receive either in
change or in exchange a U.S. coin which because of its
date or Mint mark had a value more than its face value.
Of course, this was only part of the fun. The challenge to
complete a series of coins by date, Mint mark and variety
was extremely rewarding as well as educational and
Half cents
1793 Flow**
1796W*hPol*_
1786 No Pol*
VC* MJ VM»
1750 3300 4850
400 600 1250.
350. 450. 900
7750. 10500. 19000
9000. 15500 21000 32500
1797 Laflarad F dg#
310
485
22X
750
5000
15X
39X
1797 Gripped Edg*_
.. 13X.
__
18X Dr. Buat .....
64
.XX
VG4
42 X
Ml
60 00
VMO
120
EMO
325
A 080
6X.
MS-40
1100
1802/0 .... .
3X
725
1350
28X.
1802X) rev 1800_
1803
10000
27.X
15500
40.X
32 X
21500
65 X
45X
190
425.
800
—
1804 Aa Van. .
25 25
IX.
310.
425
700
1804 Stofcad .
...23.X
30.X
42 X
185
355
475
11U.
1905 All Vais_
1805 Sm 5 Si_
— 2525
325
33.X
775
SOX
1X0
150
320
440
725.
1806 All Vars
2525
32 X
3X
45X
5X
IX
305
425
700.
1806 Sm 6. St_
_ IX
800
16X
1X7_
... 2525
34 X
55 X
110.
345.
550
1125
1808_
2525
34.X
55X
125
375
1808/7..
95.X
ISO
3X
700
12X
S5X
_
1809 Classic_
18096_
... 22.X
-23.X
XX
XX
32.X
34.X
55X
XX
XX
125
175
325
300
5X
,8,0 .. _
2500
38 X
54 X
225
600
10X.
1850.
1811
125
2X
490.
10X.
2000
,826
23 X
31 X
35.X
XX
IX
350
675
1826.. ..
21.X
XX
32 X
41.X
XX
IX.
475
1828 13 Stars . n _
_21.X
2S.X
XX
37.X
6SX
175
2X.
1828 12 Stars __
28 X
42 X
65 X
105
IX.
3X
1050.
1829
__ 2, X
25X
XX
XX
XX
140.
265
1831 Origin*! and R**tr5a*
1832 . 21.X
25X
XX
XX
XX
140.
240
1833_
-21.X
25X
XX
XX
XX
IX.
235
,*J4 _
... 21.X
XX
XX
XX
XX
IX.
235
1835 .. .
21.X
XX
XX
XX
XX
125.
2X.
1836 Ong and Rastrikaa Proof
64
YG4
F-12 VMD EMO AIWO
US40
MS-Q
164049 Ooginals and R*strfcw Proof* Only Br Hair
1849 La Oat* . “*
1850 _
1851 -
1853_
1654 .
185. 435
180. 360
135. 255
1855...
1856.
33 00 37 00 47 50 62 50 90 00
35 00 3900 49 00 65 00 9500
.30.50 35 00 42 50 52 50 70 00
. 30 50 35 00 42 50 52.50 70 00 135. 245
_ 30 75 35 50 44 00 56 X 7250 140. 250.
_ 30 75 3550 44 00 55 00 70 00 120. 240.
...33.00 37 00 45.50 57 50 82 50 165. 325
37 SO 4500 56.50 62.50 88.00 160. 300.
800
675
455
440
445
435
525
475
Large cents
G4 VG4
1075
AM
„ 1300 1960
_*_375 800
_425 825 1125.
1783 Straw ffc3 . 52500 60000 72600
1793 UO Cap-775 1600 2600
179* H**d Of ’83--300 500 850
1 Af Van . 70 00 145 2*0
, 784 Starr*-*500 6250 11500
1793MIERI ~
1793 Wreath
1793 Lat EdO*
wNC3
F-12
VF»
EMO
AU-50
4750.
8250
1X00
3,OX
5150
87X
16750
1650
2650
5250.
10000
17X.
3000
6900
135X
■■■
■ — 1
3750
74X
—
—
,900
5250
10500
—
400
725
2300
6100
195X
39000
—
—
profitable.
One time while screening a roll of quarter dollars —
hoping to either locate a scarce-date Washington such
as the 1932-D or-S, Standing Liberty, preferably with the
date still visible, or if I was extremely lucky, a Seated
Liberty or Barber quarter — I extracted an unusual
“quarter." It was one which at the age of 121 had never
seen, but one which I definitely kept. Today, my collec¬
tion still includes this bronze A.D. 54-68. Nero ancient
Roman coin.
The powerful collector market of today is demanding
various numismatic items, including any scarce type
coin from the 18th century to about 1920. Other needs
Include scarce-date Seated Liberty coinage, Barber
coinage and Bust coinage. All half cents and large cents
are in demand from Good condition and better. Although
scarce-date gold coins are popular among collectors,
common-date pieces are not. This is possibly because
of the lower gold bullion prices and the availability of the
gold American Eagles.
Proof 65 or MS-65 or better coins are not popular
with collectors. They believe the much higher prices are
out of line. They are satisfied with MS-63 quality at a
fraction of the cost of an MS-65.
Large cents
G4 V&4 Ml VF-20 EMC AIWO
1795 PI. Edg*_
AG4
... 56.X
1795 La*. Edg*_
95 00
1795 Jet Hoad.
Plain Edga.
1796 Ub . Cap-
17*6 Of Boil.
— 2750
85.X
rev 94..
™550b
1796 rev 96__
1796 r*v 97 „
...XX
..67.X
1796 LIHERTY .
...77.X
1797 rev 97. a_
-30.00
17Q7 F doe 96
32 X
1797 PI Edo* 96_42 50
1797 r*v97.
Stnmleca..
45 X
1796 1st Hair
1798 2n6 HS . - - .
.... 19.X
1798 r*v 96.
1798/7 1st HS..
XX
...XX
1700
.....525
1799/8.
6X
18X Normal Dal*_14.50
1800/1798 1st HS_15X
18X0079 2nd HS_14 50
1801. .... 13.X
1X1 3 Errors_32 50
1X1 1/OX .14 76
1X1 V1X over 1*W0
ipp? , .
....20.X
... 12.X
1802 S\9irtmt -
1802 1/OX...
.... 13.X
...14.X
.
12 X
1803 LD. Smal Fraction ...550
18X LD. Large Fraction 16.X
1 am Qinmi^a 14 74
18X V1X ov*r inbo
1804 .
.... 14 X
IX.
HHW
12 X
18X .
.... 16 X
1X7 Larg* Fraction....
1X7 Smal Frachon....
,807/6 Large 7
.... 12.X
.... 13.X
12.X
1X7/6 Smal 7
.650
1806 Classic .. .
,809 .. .
.... 14.X
..-28.X
, 810_—
_12 75
1810 mine_
_12.75
.25X
1811/0 . ... .
. MX
1812 All Van __
—1275
1813
1575
1814 AD Van_
.... 13 X
%
1816 Corona*-
1817 13 Sian .-.
G4
-10.X
— 925
12-25 ;
1810-._-
ioiq all \lai%
— 925
a 75
iAiaa_11.65
1820 All Van__
— 925
-11.75
..17.X -
,822
.9.25
1823-
..45.X i
37.X
...075
1824/2
1650
.8.75
,826
8.75
18>8/S
_ 27.X
,827 .. -. • -
-8.75
. 8.75
1828 SO • - .
.. 10.40
1829 Lfl Lotted
-.6 75
1829 Md. Letted-
1830 Lg Letted _
10 X
-6 75
1830 Md. Letted-
.16 75 ;
150
135.
115
165
67.50
72.00
72.60
300.
210 .
205.
375
120 .
175
190
420.
410.
700
175
950
900.
900
1700
330
375
675
3500.
2825
3000
1160.
1300.
1460.
100. 250. 385. 760. 2450 4850.
4500
45.X
120.
14a
ex
10X.
38.X
44.50
38 X
XX
82 50
43.X
67.X
27.X
X 75
XX
XX
32.X
38 50
375
28.X
49.X
26.X
32.X
26.25
17X.
XX
62 X
28 75
28 75
75 X
85X
28.75
47.X
29.25
97.X
82.X
215.
240.
19X.
21X.
46.X
75X
46.X
42.X
205
80.X
140.
37.X
42.X
62 X
XX
25X
115.
49.X
65 X
650
49.X
87.X
42.X
70.00
55.X
2900
46 X
2X.
45.X
45.X
125
145
45. X
IX
46. X
195 6X.
165. 3X.
290 000
325. 850
37X 77X.
47X. 85X
185. 340.
3X. 775
195. 4X.
166. 330.
400. 11X
215. 425
265 5X
88 00 245
95.X 235
200 395.
87.X 2X
50X 11000
245 6X.
155 365
185. 385
14X. 31X
110. 3X
270 485.
82 X 315
14S. 390
115. XS
5000 8500
135 3X.
405. 775.
IX. 330
120. 390
275. 625
335 700
110. 290
210. 475
140. 3X
1200
10X.
28X
3000
725.
16X.
860
640
2750
825
12X.
585.
575.
775
625.
18X.
17X.
51X.
630.
790.
715
200X
780.
20X
710.
ex
13X
25X
TOO.
925
740.
VG6 Ml VPS)
15 75 32X 75.X
12.75 27.25 58 X
20.X 45.X IX.
12.75 26.75 XX
13.X 27.X XX
19.X XX IX
12 75 2725 XX
15.75 29 25 120.
40.X XX 315
13.25 34 25 87.X
07.X 255 5X
75X 210. 4X
14 X 45 X 215
37 JO 07 X 375
1325 XX IX
13 25 29 75 69 X
55 X IX 285
1225 14.75 61.X
11.50 1425 XX
15.X XX 78.X
117$ 2725 64.X
1725 XX 85 X
12X 14 25 XX
29 X 72 X IX
EMO AU-SO
140. 265
15X.
4X
115. 235
115 235
240. 375 575
125 2X 440.
220 365 5X
675. 14X- -
IX. 425 600
MX 28X. 55X.
13X. 27X. 63X.
4X. 120a 23X.
6X 1850 -
280 775 16X.
IX 245 4X
5X 11X 2250
IX 240. 435
IX 225 335
230 365. 7ia
IX. 245 445
IX 4X. -
IX 240 440
295 600
1050.
1025
1325
1115
20X.
14X.
15X.
11000
13X
15X.
1115
1375
1175
4S0X
13X.
4100
1325.
16X.
27X
75X.
11X.
17X
1375
US43
925
810.
685.
690.
10X.
690
' ABOUT TRENDS — Coin World Trends is a comprehen¬
sive retail value guide of US coins, published consecutively
in a two-week cycle. Many different sources — Including
dealer price lists (both buy and sell), prices quoted on a
dealer trading network, advertisements, bourse transactions,
auction prices realized, realistic private transactions and
any additional information acquired by Coin World staff —
are used In determining the current Trends. Also, market
conditions, supply, demand and rarity are key considera¬
tions in compiling Trends. Values are for problem-free, origi¬
nal and uncleaned coins with attractive color. Values are
listed for coins which are strictly graded In each grade cate¬
gory Cleaned, whizzed, damaged or other problem coins
bring lex value Mint State 65 copper coins are for speci¬
mens which exhibit full red original color, other Mint State
grades reflect specimens which are red and brown <S-65
prooflike Morgan dollars are valued for deep minrr. proof-
like examples. Prooflike and seml-proofllke MS-65 coins are
considerably less in value. All Trends values ar. for coins
which meet the most strict requirements to be aligned that
grade
Coin World neither buys nor sells coins. Trends values are
published as a reader service and may or may not be the
same as an Individual’s or a firm’s buy or sell prices.
Unlex otherwise noted, condition designations with num¬
bers are for the lowest possible level of each grade range
The following numbered grades correspond to fthe adjectival
terms: AG-3, About Good; G-4, Good; VG-8. Verfc Good; F-12,
Fine; VF-20, Very Fine; EF-40, Extremely Ffcine; AU-50,
About Uncirculated; MS-00, Mint State or business*strike.
A dash listed in Trends usually Indicates a coiih which Is
not known to exist in that grade or which Is so rnpre that a
current value is not available.
Because of the number of generally accepted grading
standards in use today and in order to more precisely com¬
municate, Coin World uses minimum standards for gr-ading
terms for Uncirculated coins. The minimum standards are:
Uncirculated. Brilliant Uncirculated or select Unclrcula ted
must be a minimum of MS-60; choice Uncirculated or cholc ^
Brilliant Uncirculated must be a minimum of MS-63; very^
choice Uncirculated or very choice BU must be a minimum
of MS-64; gem Uncirculated or gem Brilliant Uncirculated
must be a minimum of MS-65; split grades such as MS-63/65
or MS-60/63 must fail back into the lowest adjective level.
MS-63/63 may be described as choice Brilliant Uncirculated
or choice Uncirculated. The split grade MS-60/65 or MS-
60/63 may be explained as Uncirculated, Brilliant Uncircu¬
lated or select Uncirculated.
Abbreviation key
1st H3 — First Hair Style
2nd HS — Second Hair Style
Arr. — Arrows
Obi. — Double
Dr. Bust — Draped Bust
FBL — Full Bell Lines
FH — Full Head
Flwg — Flowing
FSB — Full Split Bands
Or. Edg* — Gripped Edge
Her Eagle — Heraldic Eagle
Kor. — Horizontal
Inv. — Inverted
Jel. Heed — Jefferson Head
LD — Large Date
Let Edge — Lettered Edge
LM — Large Motto
MD — Medium Date
Obv. — Obverse
PL — Prooftike
Pi. Edge — Plain Edge
Prf — Proof
Rev. — Reverse
50 — Small Date
51 5. Knb — Slanting 5. Knob
on Ear
S of A — States of America
Spiked — Spiked Chin
Straw NC3 — Strawberry
Leaves, Non-collectible 3
Vars. — Vaneties
Large cents
8 X 10.75 12.X XX XX 240 435 695
04
v&a
M2
VF-20
EMO
All-60
MS-60
MS-63
1832 All Van_
_8.X
11X
1325
45.X
IX.
240.
435.
695.
1833.
8 45
10X
12.X
38.X
115
215.
335
615
1834 Al Van
. .- 8 65
11.X
1425
44.X
92.X
2X.
315.
595 |
1834 Lg. 8. Stan.
i*v Lattan-
_11.75
1525
32.X
51.X
115.
245.
440
695 1
1834 Lg 8. Sian.
Md L*n*n _
_85.X
17S.
285
5X
8X
20X
1835 Al Van-
.8 75
12.X
14 76
45.X
100
220
325
600 1
1835 Typ* 38_
_0.X
8.75
12.X
44 X
90.X
2X.
310.
590 1
1836.. ..
8.25
11.X
1575
44 X
105.
205
320
595 1
1X7 AH Van
_8.75
9.X
11.85
37.X
87.X
205
315.
595
1838
8 25
940
11.75
44 X
77.X
2X
305
590
1839 Haed ol-38
_800
11.X
1425
47.X
105
235
425
735
18396_
_165
290
600
17X
3850
1839 Sity Head .
-11.10
1425
1925
55.X
IX
335
7X.
1675.
1839 Booby Head
_9.00
1225
18 X
56 X
145
290.
650
15X.
1839 Al Van_
_6 85
1225
15.75
39 X
95 X
2X.
305
590
1840 An Van_
...8.15
975
11.X
24.X
62 X
180
295
5X
1840 SO. Lg 18 ....
.-.9.05
12.X
15.X
38.X
87.X
205
360
7X.
1841 SO. ..
820
975
1225
3S.X
95 X
185.
310
595
1842 All Van_
-8.15
9.76
11.X
18.40
62 50
IX
295
580
1843 Petit*
Small L*n*n_
_0.15
BBO
10.X
18 40
61.X
IX
29S.
580
,843 Mature
Larg* Latter*....
8.16
11.X
1425
32.75
XX
IX.
325
615.
1843 Petit*
L*rg*L*aen_
_14.X
19.X
48.X
8S.X
2X
510.
775.
1100
1844.
. - 8X
925
10.X
1825
60 00
175.
28S
575.
1844/81 . -
.-15.X
19.X
3S.X
77.50
255
sx.
—
_
1845.. ...
8.X
925
10.X
1825
XX
145.
2X
570
1846 AH Van
. .8.X
0.25
10.25
17.90
56 50
145.
280
570.
1848 SO..
-8.X
0.25
1025
17.X
XX
145.
270
595
1847 -.. .
8.X
8.75
10X
18 X
6VX
175.
285
600
1847 7/Sn,7_
_12 X
19.X
27.X
S2.X
110.
265.
4X
184« ........
._ 8.X
8.75
975
17.65
XX
145
280
570.
1849
.- B OO
8.75
975
17.65
XX
145.
2X
670
18X
. B OO
8 75
9.75
1725
XX
145.
2X
570
Please see TRENDS Page 41
23
COIN WORLD, W»dn«»d«y, Augutt 16, 1989
RARE DATES AND TYPE COINS
4ttJ) WHIM
tIMM
171*
SEATEO HALVES
0UA8TER EAGLES
MUI iMUT-ttwryw
HALF EAGLES
_ _ _
(MOO rtkakkMIM*
MM :lMnt>K
<Ut IMIMM
SBALL COm
WIMlilOlnr
MMIM >•« 4 teaaa
irui T"
Ubm*>n* m« *•
BUST HALF DOLLARS
NOW AVAILABLE
^naar"
fcyAIC Owrton
ALSO AVAILABLE
£U CoMtaondtowMiiw.
M* mmaimi*
•ia to tru-o aimi
EAGLES
IMir IIULM VP M
i*ip-a
UMP41 W)|lMl|, r
THREE COTT SELVES
IKlMMipOCkLUta Ml
HALF DO
UHP4lntNt
1«U W M147 M. IF 41
*7 SOpot^wd
tMiWtanM*!
MtMlW-HtMMn,
1(MPM(0-tt1W»4
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MM Im« MX o-i 11 VIM
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MU-lvO-M* *•*>*•*
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PEACE OOLLABS
INMM
m» f « .
MMVV-H
MOMMIVO-M
THADE OOLLABS
«7M P-U VXM
PLEASE NOTE
HALF EAGLES
NRIV4
•MM 0 VO-10
IMlCMttatata
moo t* *«. w a
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lMIUWMM tata M*(tata
■MratantMtaM M«*
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IW41IMIMKIMM*
H5ST s ’rsr*——-a. sbel__- sou -nr ss-r-~
:!?k?us— ,5: ss «««-. ~ sss.
•in mm mac, '*» mt*« rx«.-_ *.** w a m . .mm*.
mu
1TM7t»il^,JHiP U 'tmt.MVF ** 11*0 CM* A**+. «,!**» mj|
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M17llO.au VF-* ____
M17 O-llta AIM! m( tavck WMW IPt4W«ta
Wwta| WUXIMta>
Mil'll*(O-Ml IT-WMWwW
M(AMC(C«L|lta*(w_
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-(wMinwitata ^
24
COIN WORLD, Wednesday, August 16,1989
MINT from Page 1
■tart-up costs for the next fiscal year's num¬
ismatic programs Funds beyond start-up
costs would be placed in the Treasury's gen¬
eral fund
Establishing a public enterprise revolving
fund for the Mint’s numismatic operations
— currently financed through four separate
funds — would consolidate all accounting
and budgeting for sale revenues; the cost of
production, marketing and administration;
the coat of raw materials; and the cost of
distribution, recotnage and waste for num¬
ismatic programs, according to the GAO re¬
port.
Internal control problems
In a July 26 letter to Lehman from Brian
P. Crowley, acting Assistant Comptroller
General, included in the preface to the GAO
report Crowley responded We found that
the Mint has accounting and internal control
problems which require management's at¬
tention.
“Internal controls are insufficient to pro¬
tect coins and dies against loss or theft"
Crowley said. “The Mint's cost accounting
and funds control systems do not produce
reliable information. The Mint does not
have management Information reported
needed to support decision making.
“Furthermore, the current financing ar¬
rangements for the numismatic programs
do not give the Congress* adequate Informa¬
tion about the programs' businesslike opera¬
tions,” Crowley said.
Additional recommendations to the Direc¬
tor of the Mint Include:
• Improve Internal controls over dies by
requiring quarterly physical Inventories and
Independent reviews of the resolution of dis¬
crepancies In die Inventories.
• Modernize the Mint's financial manage¬
ment system by developing an automated
cost accounting system, enhancing the funds
control system and developing Improved
management information reports.
• Direct the San Francisco Mint to notify
its security office of bullion coin shortages
shown on weight and piece count reports
• Direct a current and comprehensive as¬
sessment of its vulnerability to theft and loos
of dies be undertaken and that annual re¬
ports discuss progress on Initiatives to im¬
prove Its die inventory control and practic¬
es.
Statue of Liberty program
The purpose of the review was to deter¬
mine whether the Mint complied with the
legal requirement involving the shipment of
1986 Statue of Liberty coins; examine inter¬
nal controls for coins and dies, evaluate as¬
pects of the Mint's financial management
system related to accounting for costs, con¬
trolling funds, and providing financial infor¬
mation to managers, and assess the budget¬
ary fund structure for numismatic pro¬
grams.
The report says Mint officials have Indi¬
cated a number of steps have been taken to
correct the accounting and control prob¬
lems
• Developing on-line data entry for the die
Inventory system.
•Providing additional training for its cost
accountants.
• Having a contractor review Its financial
management system requirements.
Weak controls over dies
The GAO review found that the Mint has
weak controls over dies and coins and “em¬
ployees failed to follow prescribed proce¬
dures In some areas, such as notifying field
Mint security offices when unreconciled dis¬
crepancies In die Inventories occur."
Established coin production controls at
the San Francisco Mint were not followed
when Its security office was not notified of
missing bullion coins and coin planchets.
The Mint's reconciliation of the account in
1986 was unreliable In Identifying coin
shortages because the physical count was
far greater than counts shown by corre¬
sponding Mint records.
The report addressed two thefts of coin
dies: one In April 1986 involving 44 dies for
the Statue of Liberty sliver dollar The dies
had been stolen from an airport m Monlre-
ai, Canada, while beire to ihe Royal
Canadian Mint for chromepiatlng and pol¬
ishing. Dies were occasionally chromeplat-
ed by the RCM under contract when back¬
logs occurred at the San Francisco Mint
A second theft occurred in January 1988.
when 24 dies for 1-ounce American Eagle
bullion coins were enroute from San Fran¬
cisco Mint to West Point Mint
A review of security procedures after the
second theft found one of the two couriers
the Mint used did not provide constant sur¬
veillance services as required by Mint poli¬
cy The Mint now only uses armed couriers
that provide shipment Inspection at each
stop or transfer location.
The GAO report was also critical of the
Mint’s central Die Information System,
which obtains information in Washington
from data put In by field personel at the
Mint production facilities. The system
tracks inventories In two ways: by the serial
number engraved on the dies and control
numbers assigned to batches of 25 dies.
The GAO report cites Instances where the
San Francisco Mint, trying to reconcile die
Inventories, found it had not received a cer¬
tain number of dies from the Philadelphia
Mint because shipping reports did not indi¬
cate dies that had been removed from ship¬
ments prior to their delivery because they
were flawed or damaged.
As an Interim step In the manufacturing
process, the Philadelphia Mint sends Proof
dies to the San Francisco Mint for chrome-
plating and polishing before they are
shipped to the destined Mint faculty The
Mint faculty to which the dies are to be
shipped Is charged with accountability The
GAO report died one case where the West
Point Mint was charged with a shipment of
dies a month before It could verify receipt
The situation could be further compound¬
ed, the GAO report indicates, if. as in the
prior example, the San Francisco Mint re-
JwoteA die during Ife r hr^^K,..,--
and the dlc u uui updated to show that the
die was rejected and destroyed
Because DLS reports were considered
inaccurate, the GAO says the San Francisco
Mint and Denver Mint had difficulty recon¬
ciling die inventories. In 1987, the San Fran¬
cisco Mint was unsuccessful twice in trying
to complete Its die Inventory reconciliation.
DIS records were not useful during the 1988
reconcillaUon because they had not been
updated for destroyed dies for about a year
As a result, DIS showed San Francisco
had a Mint Inventory of 20,616 dies, wbl
that Mint's non-DIS internal records Indies
ed only 7,322. The 1988 reconcillaUon. tai
Ing four months, showed a difference c
2,902 dies, approximately 40 percent of ai
dies for which San Francisco believed it wa
accountable.
It took staff a month at the Denver Mint tr
complete die Inventory reconciliations »«in£
Information other than DIS data, according
to the GAO. Security chiefs at both the San
Francisco and Denver Mints were unaware
of the results of die reconciliations, the GAO
report said
Some changes implemented
The Mint has Instituted on-line data entry
and DIS update capability at Son Franctscc
In December 1988 and by mld-1989 at th«
other Mints to provide more accurate anc
updated Information. The Mint has also ini
tlated a Com Press Monitoring System, in
eluding a die-tracking subsystem, to recor
production and other die data, and the Jo
Shop System, to monitor dies throughout th
manufacturing process. Once developec
they will be integrated Into the DIS system.
Please see MINT Page 39
I
Buffs rank 14th in season’s
1st AP football poll Sports/ 1C
Denver industries fail to cut
toxic emissions Dotivor & West/ IB
Broncos battle back, beat
Dallas 24-21 in OT sport#/ ic
Hie SUNDAY Denver Post
August 27, 1989
Voice of the Rocky fountain Empire
FATE OF WILDERNESS STILL IN BALANCE
Th# Drhvri Poil / Karl OahrinQ
CONTRAST: Th# Indian
Ptiks mod survives In natural
llati. loft, despite nearby pop
Illation contort. Abovo, tha
Marki of man and mining are
OOmmon across Colorado.
Pristine areas spark noisy debate
Environmentalists planning renewed push to preserve lands
By Mark Obmaaclk
Donvt' Post Environment Wrttsr
CRESTONE NEEDLE On some spindly
ridges atop this 14,197-foot peak, climbers
can balance themselves so their toes hang
over the headwaters of the Hio Grande River
while their heels perch over the Arkansaa
River basin
A single misstep or unpredictable wind
gust will send a mountaineer plunging hun¬
dreds of feet Into u timberline rock field
Nevertheless, hundreds of hikers still manuge
each year to conquer the most unforgiving
heights oi the Sangrc du Cristo mountain
range in southwest Colorado
Environmentalists say the magnificent vis¬
tas of Crestonc Needle, which stood un
■ OPPOSING VIIWSi Two Coloradans
boo things very dlfforently./l 1A
■ 'WAR ON WIST'i Conservatives charge
Bush wooing environmentalists./Ml
climbed longer than any 14,000-foot peak in
Colorado, should be forever spared from
man s development by becoming a federally
protected wilderness urea But an oil compa
ny wants to drill on 1,280 acres along one of
the mountain’s main approach routes.
The only people with the power to resolve
the dispute are politicians in Washington. For
six years, they’ve failed
It s an impasse that stretches far beyond
Colorado borders. As the 25th anniversary of
the landman! national Wilderness Act op
nrouches neit Sunday, the fute of the Rocky
Mountain W#t i most pristine lands teeters
as precariooNy as the climbers on Crestonc
Needle.
A battle over water rights threatens to
block the prop ud wilderness designation of
millions of ijrrs of spectacular peaks and
canyons. Minton umber and 011 l n t ercstjl orc
mobilizing to i * !<>[> l*rg« tracts of roadless
areas Smog (mid far-away cities and smelt-
ers is pollutqL fragile alpine lakes with acid
ruin and snow
Ai the sains time, some existing wilderness
areas arc Ang er of being loved to death
pieaso sec WILDS on 10 A
♦ Final Edition / 75 conts
State tourism
falls short
of projections
Crowds lag at attractions, parks;
only mountain resorts show gains
By Michollw P. Fulchor
and Mlchollw Mahoney
D#nv#r Poll BtAfl Writer*
What was touted to be a banner
summer for Colorado tourism Is
turning into bad news for the
slate’s resort owners and promot¬
ers.
The tourist season doesn't offi¬
cially end until Labor Day, but a
survey of state parks and privately
owned attractions shows sluggish
growth or declines in tourism.
Experts blame a lackluster na¬
tional economy and Colorado's
continuing financial woe* for the
poor health of one of the state's
key industries
The only Colorado areas escap¬
ing (he downturn are mountuln re¬
sorts, where uggresslve advertis¬
ing campaigns apparently have
succeeded in drawing people who
might otherwise have spent time
along the Front Range.
"We’re losing it to the moun¬
tains if you look ut what's going on
in tourism,” said Jim Clark, execu¬
tive director of the Colorado
Springs Convention und Visitors
Bureau "They’re pulling the dol¬
lars out of here and putting them
up there."
Rob Juppe, executive director of
the Summit County Chamber of
Commerce, agreed '‘Certainly,
we’ve been popular all summer
long "
Visits to the Summit chamber's
visitor centers in Dillon und Frisco
were up 62 percent in May, June
and July compared with the same
period last summer
By contrast, visits to the Colora¬
do Springs Visitors Center were
down ft 5 percent. The U.S Air
Forco Academy, the biggest Colo¬
rado Springs tourist attraction, re¬
ported a scant 3 percent increase
In tourist traffic.
The picture is equally gloomy
elsewhere
"Overall, tourism at Colorado’s
national parks, recreation and his¬
torical areas was flat through Ju¬
ly,” said Nancy McCnllln, an econ¬
omist for the legislative Council,
the research arm of the stale legis¬
lature
And the outlook for the rest of
the year doesn’t show much Im¬
provement
Earlier this year, a Colorado
State University study predicted
tourists would spend $5 91 billion
in Colorado during 1989, a 5 per¬
cent Increase over 198H McCallln
now predicts that murk won’t be
met.
"I think that’s a little high,” she
said. These numbers we have now
are going to cause slower growth
The state will feel It and already Is
feeling it.”
So fur this year, the state’s larg¬
est tourist draw — Rocky Moun
TOURISM on A
2A •
- \*~CK4w
Postal Service anticipating biggest deficit ever
N.Y. blacks,
whites swap
jeers, taunts
IpTtatai taatta—
streets'* Oet sheets. - s^artec at
abota 3 3# p3.
As aagry visse vocrjy aoc axae
eider Iwcal readers fiM tke
ssdewalks. a tetter racial hatred
perrteatec the atSMSohere
The whiles cfeasr.ed. Ceatxal
Part Central Part' refemag cb
tie rape aed beatag ta a wtae »-
vestment basker i* April Tta
black desaoessrators chatted back.
-Bernard Beadt Howard Beach*
Laser sfee blacks chants
charged to “Ywef. Ywef* Ybo
H awkms is the 16-year-oM black
rowtfc whose death sparked tke
protest
The whites relied back. We
watt Tawaea referrlag to Ta-
waca Brawler a black teesarer
wise toed atfbonties list she was
raped by a group of wtae rnea A
state mresugatjoa fouad bo eri-
- deice to support ber claim.
Meaowtsie. a otywide ynanbtt
fer the gessus wte killed Haw
kiai cocttuwed as fire acker sus¬
pects a tke rsKxaJ attack were ar
ratgoaL
35.000 march in Washington for civil rights
Navy does right
bv Iowa hero who
%
nearly got boot
Cool action tn de*ih tvis; rewanfcc
WASTSGTOK - To eke >
tar a ra^r
Tke HIT carets ta » “rk
pkUhrlX&lkitaL “ ‘ _
J estimated 35.Mt peseta Fifth Amae elrrated tta * W*e
careked yesterday spec the Sw vw+M Sancmal to scag J®***®*?
(Vert Coegress to far ike IdiiBnsxil d Cfaf* twice gws tke
^nxes what YVACP Ckreciar People ta tke fae tamc es k « at *
ca^ed Tke ta 'Jww&dgtag erwa-nfta*
ta black Asxnca > tank Ym eti tay Y «d
ke Af 4aw mnwi a ?*w 4
» pwkMy k Narr e *> xtatr taunpe^
itetag ta stowfct wc kw
arrecKw Acre. BtUa? Se
TV* bane «hm ta "ewifiiji tac tar
a Mt thr« Stw (rw Jta ta kfatt Mt
iciaci ec^ was m tas kkl kte tat cercdwd » kok raw*
ta sav. \iw Brw cci gi ors
Tke march. as=*d
tegrslairre msed*
recent cml-ngics 4
tke high com. was f utanant in cm
laoe and dress after the tastenc tire
Sda* March' 72 wears ago ta “Far aa -A*
New York Gty As tkea. qce dead, we dta pretty gwe
wtve biact sad warn aad chL we* fceaaed Backs as ta
dm wore white ard as then Ike epew tke three* wtadh
marchers kept tkesr
ATI
Lit*
Re*
Presw
ttaosepk L*m
the Sotttare CknaiiB Uuta
OBBtamre. aae tKrafcy
saas Ll Ctadr State So«i wta
has tat arcsxec wit* kss «« ’^ak we were tat ttaee. *
"Be t? a gwta p tih n wr Tta tact VilUfty Bni Bata’owws were Bab
that ta was a tare « tta Vwi laky s area d ta I
starts he’s ta ketas.l ta tta Vi*y * rears a ita Xary k k: ta
m *
mi niNvm nwi
Minna/ a✓/ IMW
Economist says forest fires may have hurt state
TOUMI9M Irom I‘ago I A
| lain National Park tut* reported
r a l percent decline in tow tat traf
|M
VimioiK to the pnik Hu outfit July
!lt, lull') totrthxl I 5>/0 ttVMi com
pored with I 211*1 l<13 lot (hr Mine
MV !<mI In lUdil V'lHtts lo iMnimam
National Monument were down U
purcml
Overall, tourlnl vlalln lo Culnra
do national park* and ret i ml inn
arena totaled 3.1IM27 by July 31,
virtually uiu lumped from lUlill
“Tour lam wna up 17 pel rent
through June hut July look n Idle
out of the total pMurtv' Mel ullln
Mild
Shu Mil id July for oat fire* nl M«
an Verde nod In Itotildei f'nnyon
mnv linvo contributed to I he tie
ellne
Ualner* Ihl* nummci are lluvon
ween Nufloitnl Monument, with
lout tut vInKm up ,18 percent, Itenl'a
(lid Koft, up U pel end, Black («n
yon of the (Junnlimn, up 7 percent,
t'olorndo National Monument, up ft
percent Elorlnntmt Foaell lledn, up
II percent, nnd the ('uiecaidl Na
tlonul flee run lion Aien, up 3 jm »
oenl
Two bellwether IH>nvn men nl
Unction*, (lie lift Mini null (lie
Coer* biewery, rcpoiled erratic
■uinmer linffh
We iu more down Hum tip,
»i«id Dorln Mcdownn of f’oora
We ie awing le«*< nnd h e out of
Nlnlern That’a aomiMhlng we’ve
)i»mI noticed
At Ihe Denver mint, "It Mailed
mil good, and Him It Mailed drop
ping, Mid Tito Itnel. chinf of e»
hlliltH nnd Mle« nl Hu mini
I.ilM AugUnl, the mini hotted
til duo vlillmn
Ho fni till* month only 40,DM
lour IM* have walked through IIm
I or nM lien
I,nM yen) a lofnl of 740,000 vIM
loin law lie fadllty Mo fm Ihln
year, only 179 000 |ieople hnve Ink
i n lie torii
I don't Hindi we r* going fo
make 740,000 line) *nld
To Hm moiiHi, loin im liwffh la on
Ihe downwind < orve nl Mike* I'eak
Ifighwoy which hna repotted no 11
m it eol dnrrruae III vlaftor* *o far
Ida year
Al Aeven Pall* went of Colorado
Iprlng*, Haffh wna down a per
M id through May, June and July,
anld manager Illlggln*
Uil vi nr * Haffh Ihggln*
wna ttppaicolly holMered by lout
1*1 a who planned l« vlnll Vellow
atone fat M*/k a detour anolli whMI
devaMaHng fire* ftnuk Hie nn
llotial park
( MfUrt l Ily a Ifoynl (tin g* elan la
awing fewer vIMIora
"It hna not I on Hie year Hint I
HlOUghl It would he " *nld Moynl
(iorg* Markcfmg f/lr»«lor Ireho
nth Murhlelaw
"Augoat hna heap a real hard
hitler We re down nhoul a or 7
fieri «ftl
|Jkc < lark Mot hlelaeo blame*
iru rean*d cornpetlUon from Hie
loounlMln »kl m *orla
They've InH hed onto a good
tourism
Ihlng, and whnf Ibey ve done N
they are faking whal are tradition
ally Kr«#nl Mange vlaltor* and lek
lug Iheri) lo Hie mountain* ahe
»*ld
( olorado Apr mg • •Imply can
rud rompeu with two night a in
Vail for % ’M
Th- town of Vail yeiertUy Im
poM'd a new Inralueaa IpcoMng fee
ranging from fffa to I*H to rale*
money for aummar me rioting
held a Veil apofteamau "Befee
tan HrupJlry; call volume *nd
hooking* have h*m up aronnd fc 1 *
percent in »h* valley f
Sunday, August 27.1989
The Denver Post
* 11A
WILDERNESS AREA DEADLOCK
2 views
from the
trailhead
To find out what wilderness
means to Coloradans, Denver Post
environment writer Mark Obmas-
cik accompanied two native West¬
erners on separate hikes down the
same trail in the Williams Fork
area, a proposed wilderness area
north of Interstate 70 near Dillon
PMd s'fWf iklUK TUVA U \ \ \ 1 ,v*n
CITY UAHS
THE PRICE OF THEIR
FAVORS _
An asbestos contractor and
a go-go dancer wreak havoc at
the Denver Mint.
Whal d*x*s a btisimnsman liave to do
to land a government contract 'tit
Denver'*' Wine ami dim* bureaucrats?
liny them Broncos ti* led*? Help tlx'rn
start their »»wn businesses? Buy th**m
tK'x at one of tfii' <ily's beat-known
sfriiHoints?
AJ! of the above, acc ording to one
view of the rimimstanre* surrounding
;in a*b***lo* removal contract awards!
last year None of the above, if you
Ikrtcto the principals, who proteat that
hiii b favors aren't sign* of graft and
< orruption, tnjt innocent exchanges
between folk-agues.
EHlx*r wiry, tlw- now year-old
investigafkm into the* contract lia*
already rout two I)enver Mint
empkiy***-* tlx-ir job* and M to a formal
reprimand and eventuaI resignation- -
for a third. And an employee dismissal
I month i. 11 s o it rx*w
question Were krw ranking Mint
hu/i niu rHi* I rented nvtre harshly than
l/xlr *uf>rrUrr* iWl tin mult their
erfoie* li M serious?
Wln’ii thi’ rodent *il
M or wmw w wm n
n* ;<hh **xn**risin RIK7, Mint offx ials
hired AAR Ash*-*!** Abatement of
(/rand Juration to begin removing it on
an i*n*-rg<*ncy, interim basis until they
could issue a < out rail for the entire job
Bids were solicited in early RJ88.
AAB promised to do tlx* work for
Ki.7 million: another firm, I,VI
Environmental S*-rvx vs ijf Oklahoma
< ily. bid million But for this job,
price wasn't a* iinixirtant as tbe bkls'
technical nx-rits These* were to be*
i-valuaied by a five ira*nib*T committee
chaired by Darryl Mayton. tlx*
Washington, D.C .based safety manager
for all five 1 J.S, Mints.
During the evaluation period, AAB
continued its inienm asb*-sto*
removal -and its association with Mint
officials A* * ording to hearing
rramKTfptJi, AAB co-owner Robert
Kemp liad v-veral lunclx-s witii Mayton,
Denver Mint safety manager Marcy
Nkks and safety sp*** ialist l-arry
C anx-nter, all rrx*rnfxT* of tlx* bid
evaluation committee
The four also attend**d a March lb
afn-r work g**t t*^**llxT of about ten
people at Gashos. Afl*T a f<*w drinks,
eight of the group di-ckled to liav**
dinner Halfway through the rra*al,
Kemp was calk'd away on an
emergency. On his way out. fx* paid the
entire lab—about $170—which tbe
dim*r» didn't discover until afi*T
he'd gone
Kemp perfonm*d other favor* for
Mint employees. In May he lx*lix*d
Nk ks move some of her household
furnishings into a rx*w home. He also
mack* a business referral to help
( arjx*nU*r spirt liis own firm.
If tlx-s** graxl deeds w**re supfxssed
to help AAB win fix* ash<**los renxival
contrail, they didn't work Mayton's
committee recommeruh-d EVI
AAB sued in August 1088, < barging
that ih*' committee had *jv**rlook*il
I,Vi's failure to disclose thirteen f**rk*raJ
b* alib and safHy citations at one of tin
subsjdtark-s, AAB also accused Mayton
and Andrew CtMgWf Jr., associate
director for operatkms at the Mint of
liaving pr<**sur**d Nicks and Cart)**riter
to change lixir bkl **valuations. Nkks
amJ Carpenter hart initially rafi-d tlx*
company's bids higher than hail other
< oinuiittee rix'infx*rs, AAl^ saxl Nicks
n*fus4*d to cluing** Ii*t AAvli rvakisttUm,
lail six- boosi*-*l I,Vi's rating ( a ruttiUr ^
also rfiang*^! his nuirks. tilling tn<* If
balan* ** in favor of LVI.
AArfVs alk'gations w**r*' back***! up m
by Nk ks aixl Carpent**r, wlx> t**s<ifx*d'.
under sufwxx'na thai Mayton and
C </sg;ir<*ii Usui pr*-sHur<*d tb**in I*;
t hsuigi- 1heir appraisal*
Miiyttm mill C o*w>ir*-M rp-fiM**! //i
>»*«// imjirtijuity (Sivn >Im !■». t. ■»*
«-jq«srnr»-fnrgs ■RfonRI'f luxl
in f*valuatlng bids, th «7 s,*ud. ii wai
ap|^*;j^ia!< t*i ask th**m to re-do th**i
*s'or**s, whk h w*t<* out *if line with
those of oth ir i*aix*l nx'irds-r* And tlx
saf**ty citations were irrek*vani because-
they didn’t inv*>lv<- aslx*st/m work. Ih**y
IxrinU*d out Mint lawy*rs als*> argn<*a
for the dismissal of AAR'* suit, citing
tlx- apix-araiki* of impropriety created
wh**n Ki*mp at#* with and did tMTsonal
fav*>o» for Mint <*mpkiy«s*s. Hx* judg*-
refu***d to ilismiss
In rlre^rial d*iiosilion* Nicks claiirxtl
six* aJu*mal**d with Kemp in jiaying for
th**ir lunch*** Mayt*m said he did the
sanx- wtx*n he and K/*inp harl drink>
On balance, no numiy exchanged f
lurnds, Ibiv sakl, **xc-4*jit f*jr die
Oaslio's tan.
In NwihiIxt, federal Judg* Slx-muju
Kmesilver ruled that die rneals and
Ki*mp's favor* for ( arj**fit*»r and Nk ks
w<*ri* not ilk-gal gratuitii-s and liad ms
bf*t*n offered *1n barl faith ” He t<*nm*rl
dx* health and safety citations relevant,
lxjwf*v**r, ami ordered tlx* Mint to
r**st;irt du* bklding proc**ss
In the rni-antinx*. thi* UA Treasury
D**tiartnx»nt’s inapector g**i»i*ral
invi-stigaled du* situation. As a n**ult,
Mayton was reprimanded for ,u < i-ptmg
the Oasho's dinner from Kemp, and
( artx-nliT and Nk ks were fired.
Carpenli*r r*’lin*juish< d his ajipeal rights
in return for being allowed to resign,
Nk*ks atjjx*al<*d.
At her dismissal hearing last month.
Nick* s;ud six* triisl to \my Kemp for
tlx* C/aaho's dinn**r the m*xl day, bui lx*
refused (Ur finally accepted payrrx rit
months lat*T.) His h**lp in moving a fi*w
hous**hold gixKls to her n**w home was
inconsequential, six* siiirl, and had no
bearing on b**r evaluation of the
a*fx*Hto* bids.
And Kemp leslifiitJ that Mayltai bad
fir*
ask**d Urf sev<*ral favor*—' sons* far from
iixofftt-qiXTifial <nx* i-vi-tung al
Sfiotgun WilJi*^ tlx- bunipand griml
six/wc lub on South f oiordtio Ikiukvard,
Maykai a*k**d an AAR lurtn&n to find
out what it would cost to liave snt
widi orx* */f tlx* rlaix **rs, K/*inp sai/l
A/hnini Jrativ** jixlg* ‘'4**v** Chaffin
pr**v**nt**d Nk ks' Iawy**r fr*xn pursuing
Ibis liix of qu**stioning, ruling dial
it wasn't rek-vanl to h**r apjxal Rui
a<* ording to Nk ks, Kemp told lx-r lx
Ix lx*ved Maytmi was asking hirn to birr*
a prr/stiluti* A Shotgun Willi* '*
euiployee infonrx**! tlx* AAR man Ilia!
hiring a dam er (or sry, would c/okt
six* says (UtUrwilional
EntrTtaimm-TTt Consultants, whk h
manag<*d Slx/tgun WilJx 's at dx* tins*,
didn't r*-sfxxid to a r*i|uest for comment
last week. Thr* strip-jrant is now undcT
rx*w management.)
Mayton didn't rr*spond to phom* calls
last week. ekhr*r, but he U stifii-d at
Nk ks' h**aring that it was Kemp and the
AAR kin-rnan who suggr*sted hiring the
grego dam **r. ‘"Hirv asked me if I would
like tliat," he said, adding dial he was
prepared to j«iv for bis “shan*
Kimip also declines comment, but
Nicks says he told H*t he wanted no
liart of hiring a prostitute at any price.
“Hr* d*x*sn't do lnjsini*ss that way,"
Nicks says.
It wasn't the only favor Mayton
wanted, Kemp testified. Ihe Mint sa/Hy
manag**r had asked Knnp to help him
start ms own asbestos-removal
busin**ss, and to assist him in taking
asbestos from an okl homr* he’d just
purchased back I^ast. H** luxl also
wanted Kemp to buy him tickets to dx*
BroncosCbicago Ik-ars frxitball gam**
th<* iir**vious Nov«*mlx*r.
Kemp denied doing anything but
buying the tickets Mayton wasn't in
Denver tlx* day of tlx* game and didn't
ux* tlwmi anyway, Kemp said
Nx ks' Iawy*T, bavui Wollins %ay •
dial **ven witix/ut consxk'rijig tlx
**vidr*ncr* *>f arkf lUonA Uvor* v/lk ili-d by
Mayton, Nicks was trr.*ated unfairly Six*
r<*tmbunx*d Kr*rr»p for tlx* f/aslxi s m**al.
MayUfti never did. Arid liaving Krtnp
assist with Ixt move hardly pi-Jifx's
dismissal wh**n Mayt*m g*/t *mly
a r<*tmrnand
Nkks says Mint lawyi*r K/*n f/ubin
tokl 1 x*t hr* will ask dx* dr*par1irx*nt’t
in*pr*ctor g*-fXTaJ to r<*<ip<*ri tlx* **ntin*
casr* br*rauh** */f m*w afl**gafxms fr**m
Kr*mp. fix* AAR **Hnvrx*r n*/w * lainci
Mayton and ( *7Sfjar**a sugg**st**rl that if
h** lowered his bid. he’d win dx
contract Gubin told her thaJ might
constitute illegal bid tamjxTmg. Nk ks
says Six* lx*lk*v**s it was Kemj/s r«*fusal
to adjust his bid that prompted Mayton
and Cosgarr-a to slti/t tlxir
to I.VI and to pr*-ssur** Nicks and
Caijx-niiT to diang** tlx ir rvaluabons.
Gubin decline* to discuss wlx-dvr he
1 will seek am^hr-r invinligation, but
^ j r*mphasi/**s tliat tlx* new inferrnatkxi
/ against Maytmi is urisub^mtiated "We
look into all such aJk*gations," h<*
says,
^ Nu ks d*x*sn‘t believe anrjth**r
^ invr*stigation would do Ixt any
^ grxxl. fix* first orx* was flawr*rl,
shr* says, because inyr-stigators
w**r<*n't interested in what shr*
km*w abrxit thr- additional
favors sought by Maytmi Ami
tlx* fudge hr*aring hrT cam* is
(•qually uninUTe*U*d in evidence
\f against sr*nior Mint official*,
she chaarges “'Hut' re ptirp*xv**ly
**va<ring anylhing that points to
high**r ups/ six* says. ‘'My firing was
a politicki. rH-iltXmv mkw, i<«
O*** aus** ol 07 U-nUfnony tUul L**»Knr<'H.
the hand man for /Mi/if director
/ Donna I Pope, tried to crierve me. You
stick your bead up over thire and do
what's right, and you gr*t your neck
chopped off."
Neidx-r Pope nor Cosgarr*a could be
reached for conim<*nt last w**<*k.
Judge Chaffin admits hr* bl*x*kr*d
attempt* to probe alegatsons of
misconduct by Nkks' sujx*riors “It’s
not my function to invi-stigat** those
chargr*s. My function is solely to sit as
an arlniinistrativ** judge on her appi-aJ."
Mayton won't be around to have his
conduct examinr*d, anyway. Mint
| sources say h<* rr*sigm*d last wer*k.
g Another inv**stigalion would mean
J more hearings for Kemp, who still
dex-sn't have anything lo show for his
effort* to win the Mint contract Upon
rebid, it was awarded to yet another
firm, Hazardous Substances AbaJ*-merit
of Milwaukee
Maybr* Kemp should have hireel that
strippiT.
BY BRYAN
ABAS
Denon Free Install Sale
Prices include FREE Installation *
t'it non
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Neil becomes S&L poster boy
Bush photos show up
close to dad’s place
By Tom Webb
KntgM-RKktor News Service
WASHINGTON — As if Neil Bush
didn t have enough troubles, he’s just
become — literally — the poster child
for the savings and loan scandal
Dozens of posters declaring “JAIL
NEIL BUSH" have mysteriously ap¬
peared this week around the nation's
capital, some only a few blocks from
his dad’s place, the White House
The black-and-white posters feature
a photo of Neil Bush and bear more
than a passing resemblance to the old-
fashioned “wanted” posters once used
for murderers and bank robbers
The posters lash out at the cost of
the S&L scandal and declare that
“these crimes were committed by the
rich, for the rich, and they should pay ”
Despite the demands, it's doubtful
Neil Bush will ever go to jail because
nobody has seriously accused him of an
S&L crime.
Attorney General Richard Thorn¬
burgh, who doesn’t usually discuss in¬
vestigations. recently volunteered that
there’s no evidence linking Bush direct¬
ly to any criminal activity That would
seem to damper the possibility that he
Please seo NEIL BUSH on 11A
*ent Orange ends
law by halting research, groups say
id er
)N — The Amen
largest veterans
intry said yester
as bringing suit
rnment for failing
udy of the health
Vietnam War vet-
to the defoliant
e filed in federal
ere today, is the
cover has trace amounts of dioun,
which has been shown to cause
cancer and birth defects in labora¬
tory animals.
The primary thing we want is
for the government to do a study,"
said John Hanson a spokesman for
the American Legion the largest
veterans’ group in America We
consider any diseases caused by
Agent Orange the same as getting
wounded It's an injury of war
spending had sought
The House s 327-91 approval of
the bill that sets agriculture policy
for the next five years follows Sen¬
ate passage last Friday of its ver¬
sion with many similar or identi¬
cal provisions
The estimated cost of the sup¬
port programs in the two bills is
estimated to be between $54 bil¬
lion and $55 billion
Though the debate over limiting
subsidy payments led members to
shout at one another about fiscal
responsibility, the most emotional
moments came when Rep Bill
Frenzel, R-Minn. tried to cut
spending on food stamps and other
r pes r s
that transmit Lyme disease
■ TOBACCO: Authorize $10
million annually for a public ed
ucation program on the haz¬
ards of tobacco use
■ PESTICIDE Require farmer;
to keep records on pesticide
use that could be provided to
government agencies or em¬
ployees and health-care profe;
sionals concerned about the e
fects of exposure
■ ORGANIC: Establish nations
standards for labeling a food
orgamcaliy grown
tic Hunger Relief Act. named
honor of the congressman fr<
iver Post
ix Day
Denver!
:30 A.M. - 1:00 P.M.
|al Plaza
& Arapahoe
Thursday, August 2,1990
Thursday, August 2,1990
Jill I) I n
WANTED: Seemingly unconcerned Washing¬
tonians amble past one of a rash of ‘Jail Neil
Special to The Denver Post / Vicki Lewis
Bush’ placards in the capital. They’re aimed at
his alleged involvement in the S&L scandal.
Posters call for Neil Bush’s jailing
NEIL BUSH from Page 1A
will be charged in connection
with the failure of Denver’s Sil¬
verado Banking Savings and
Loan, much less jailed.
Bush was a director of Silvera¬
do during the mid-1980s, and re¬
signed from the board shortly be¬
fore it failed in 1988. Bush is
alleged to have some serious con¬
flicts of interest in the case, and
faces a possible civil lawsuit by
the federal government as it
seeks to recover some of the $1
billion Silverado loss.
The White House offered no
comment. Neil Bush was unavail¬
able for comment.
Political posters have a color¬
ful recent history in Washington.
Former House Speaker Jim
Wright was the target of a “want¬
ed” poster blitz that swept the
city just weeks before he resigned
amid allegations of impropriety
in office. Ronald Reagan’s attor¬
ney general, Edwin Meese, once
was hit with the slogan: “Experts
agree! Meese is a pig.”
One of the creators of th^t slo¬
gan, Washington artist Jeff Nel¬
son, was asked yesterday wheth¬
er he’d created the "Jail Neil
Bush’’ posters.
“No, but I wish I had,” he said.
* * * * *.* * * *
******************
t
TRANSMISSI ON
REPORT
303 564 3266
TTI NO.
SEC LEGAL
DATE AND TIME
0 9. 19. 9 0 09:04 AM
DURATION
0 1:19
MODE
PAGE
02
CODE
GOOD
** + ******************* **************************************** * * * ****** ******* * * + 4 +* ********** * * * f + 4 4 -
I
PLEASE DELIVER THE
FOLLOWING TELEFAX TO:
ATTENTION OF:,
Denver .Mint : AGENCY OR C0MPANY:
*
DATE SENT IS:
WE ARE SENDING o? PAGES
INCLUDING THIS COVER SHEET.
TIME:
YOU HAVE RECEIVED THIS TELEFAX FROM:
NAME:
" 7 "'/ 14 >
AT THE U.S. MINT, DENVER, COLORADO 80204-2693
OUR TELEFAX# (303) 844-3266, FTS 564-3266
OUR TELEPHONE # (303) 844-4289, FTS 564-4289
COMMENTS_
THANK YOU,
a:-
Etcetera
-7 ^ ^
3\Two employees of the Mint at
Denver were among 100 Treasury.
Department employees honored at the
Secretary’s Annual Ceremony. Mi¬
chael P. Lantz, coin production gener¬
al foreman, received the Performance
‘ Award and Boris Nikolayevsky, me- <
chanical engineer, was honored for his
V design and construction of a major
heating, ventilating and air condition- V.
ing system improvement project...
1 KD Kanopy Inc., has been selected as
I the Outstanding Business of the
. Month by the Northwest Metro “
'Chamber of Commerce and the City of :
. Arvada for the month of AugustrKD
[ Kanopy has-been involved in the Ar- '' ^
/vada communityandnon-profitactivi-
J ties, including events with the Arvada'"“
-I . 1 (/ . -
M. D., has joined the Rocky Mountain directorof vocational education for
Multiple Sclerosis Center as director Aurpra Pubic Schools, played a key
w^ ur0 .*°JQ r- The Rocky Mountain'_ role in the design and construction of
T.H, Pickens Technical Center, which
opened in 1972. Dunning is a leader in
the Colorado Vocational Association,
■ th Association .of Vocational Adminis-^]
trators and the Area Vocational Schoof- -
Directors Association' Dnhart c
MS Center is a private, non-profit
institute providing diagnosis, second E?
opinion, ongoing neurological care, in-?
patient and outpatient rehabilitation,'--^
psychological services, and special
problem management... Jeffrey Hor-
gan of Aurora, is one of 10 students
selected to take part in the Great
Vienna Adventure 1990, sponsored by
the Vienna Tourist Board and the - -
American Association of Teachers of
German. Horgan, a Gateway High
School senior, will be the guest at a
,.dinner reception hosted by the mayor
of Vienna.... Harold B. Dunning will'-
Vocational Association today m Fort, '.‘1 Rqtky Mountain News, 400 W. Colfax - '
- o—•* -• vj me ixu jy ruiierican
Industries Association to support re¬
search and publication for his forth-" ?rv *
.coming book. To Bore A Hole— The
Development of Braces and Boring
- Tools, The award is from the associa-
tion's Winthrop L. Carter Memorial * ir
Fund.:.' -
jive.*Denver80204.. -
* -.v>
* kjfinrrA** * *. f •
«• ■ urtsmu
Hispanic group lauds treasurer
U.9. Tieaeurer i
Catalina Vanquei '
Villapando was
hoiked at a re¬
ception hotted by
the Republican
National Hlapanlc
Aftaembly of Colo
redo Friday.
"Wr'ie privi¬
leged to have Cat'
alma here/' iuiid
Gloria Gonial©*
Roemer Republican candidate for
Colorado's 1st Congressional
Hou.vr Nf\it, whose own house was
the Mte of the reception. “She's
the perfect role model for Hispanic
women She's worked hard to get
where she's at. Catalina's blight,
articulate, attractive and genuine¬
Ivan
Suvanjleff
ly linear*/'
Villapando. whole Signature ap¬
pears on U S. paper currency,
signed dollar bills for assembly
members including Janice Rome
ro, Art Barela, Maxine and Joo
Chavei. Jennifer Needham, Ed
Romero, Ronl Hutcheson, Brian
Varney. Phyllle Garcia, Joe Meet.
Frances Ferris and Roomer’s
press secretary. Janelle Jones.
As Mike Hughes, Joan Hayet,
John Cary, Jocelyn Learned Gib
son, Norma Tromp and the assem¬
bly’s national secretary Bob Marti
nei listened to the strolling
maruuhi hand, Villapando reflect¬
ed on her fame.
“Only m America can this hap¬
pen.” Villapando said, signing an¬
other dollar. “My father was born
in Mexico and comet from very
humble beginnings. It'* truly an
honor (or me and my family."
Polo Newt: The Denver Polo
Club defeated Mexico's Balvenera
Polo Club hy a score of 5-4 yester¬
day in a match benefiting public
broadcasters KRMA TV Channel 6
and KUV0 89.3FM
More than 300 polo ntavent
trotted out to the Cottonwood
Riding Club to watch the match,
raising a total of $5,000.
Attendees included club presi¬
dent John Gendomer, Carlene
Welker, Larry Roblnaon. Jody
Reed, Patrick Pomltky, Kathleen
Sullivan, Dr. Doug Ikeler, Sally
Reed, Bill Thorn, Sandra Stew
art, Zoe Mourlee and Wendy Sin
clalr
Treasurer Catalina Vasquez Villapando signs a dollar bill for her
hostess. Gloria Gonzales Roemer, also running for Congress.
Mon . Sept 10. 1990 Rocky Mountain News
‘Matter of self-respect’
fuels U.S. chess champ
Shelby
Lyman
Lev AJburt, the
new U.S. chess
champion, is a
tough and some¬
times unnerving
opponent with an
ambitious and bru¬
tally practical ap¬
proach to competi¬
tive play.
“I believe very
much in the ele¬
ment of luck,” he
said. “I can be
very well pre¬
pared. but my opponent may hap-
i pen to be better prepared in the
same opening.
“Since I am a maximalist who
r the highest result,
Alburt’s results spectacularly
justify his philosophy. He has won
three U.S. championships in eight
tries. Then again, last year, his all-
out posture left him in a tie for last
place.
Away from the chessboard, the
former Soviet physics professor is
a low-keyed but fascinating con¬
versationalist.
During play, he manages a simi¬
lar objectivity. “I usually don’t get
excited when 1 win or very upset
when I lose. And 1 very rarely lose
confidence, even if my results are
poor. 1 think I take myself less
seriously than many of my oppo¬
nents.”
It is, perhaps, because he is not
afraid to lose, that Alburt plays so
[11 v for the win. It's rare
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WEATHER
Today: Cloudy, cool, with rain High:
70-74; low: 51-54
Tomorrow: High: 78; low: 56.
Yesterday: High: 82. low: 55.
Tuesday: High; 84, low: 58
Complete weather report, 12C
Books 10-11D
Business 1-14G
Classified 1-561
Contemporary 1-24
Crossword 11D
Denver & West. 1C
Funerals 11C
Lively Arts. 1-12D
National. 7-20A
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World 21-27 A
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off****
Cotte°Mm haveC * a “® d ^o"*o*radtofctilI duitlrornttii cancwwu Bou9h * 0 b n ’ abovo le,t ' believes his lymphoma
Cotter Mill, above, into the nearby Lincoln Par* neighbor 6 * radi0 ‘
■ ' Mill has i
"a year of radioactive dust
It has spewed out more ura-
Bdioactivity in a year than the Rocky
Flats nuclear weapons plant emitted in its entire
37-year history, records show
No official proof exists that Cotter Mill,
Body shops in 7th heaven
after car-pocking hailstorm
By Peter Sleeth
Denver Post Business Writer
Jim Carmichael leaned back
in a worn office chair, took a
pull off a cold A&W Root Beer,
and put to rest any notion that
his compatriots in the auto¬
body repair business are any¬
thing but happy with the results
of the July 11 hail storm
'Everyone I’ve talked to is
tickled to death they’ve had
this help from God, so to
speak, said Carmichael, own¬
er of Deluxe Auto Body on Den¬
ver’s West Eighth Avenue.
Everyone who is not a cus¬
tomer, that is.
The Great Hailstorm of ’90
has turned into the great body
shop repair bonanza of ’90 and
’91. Body shops are swamped
with customers who want those
unsightly hail dimples out out
out.
The problem for customers
is getting in, in, in.
Body repair shops that just
one short month ago were hun¬
gry for work are now booking
car repairs from three to six
months in advance. Some hor¬
ror stories by despondent car
owners have appointments be¬
ing scheduled into March 1991.
And body shop owners say
they still will be pounding out
the golf ball-size dents this
time next year.
"Every day we get 15 days'
worth of work,” said Brad Mar¬
tin of Martin’s Autoworks in
Lakewood.
"I had a two-week backlog
up until the hailstorm,” said
Vince Vecchiarelli, manager of
Hank’s Auto Body West in
Wheat Ridge. “Now it’s a six-
month delay.”
Insurance experts are esti¬
mating 115,000 vehicles will
file $200 million to $230 million
worth of claims as a result of
the storm that roared from
north of Denver south to Castle
Please see HAIL on 10A
LOOKING FOR A
REPAIR SHOP?
■ BE SUSPICIOUS of any
shop that can get your car
in immediately. Most repu¬
table shops have a back¬
log that stretches into late
this year or early next
year
■ ASK TO see samples of
a shop’s work, not only for
hail damage but for colli¬
sion work from the past.
■ ASK FOR recommenda¬
tions from friends, co¬
workers and insurance
companies.
■ ASK FOR references
from other customers of
the shop you are consider¬
ing.
■ ASK ABOUT written
warranties and ask to see
them on labor and materi¬
als
‘Mr. Perfect’
stumbled on
road to riches
Greed, naivete possible
source of Bush’s troubles
By Steven Wilmsen
Denver Post Business Wnter
Neil Bush came to Denver to cash in on
the easy money of the city’s booming oil
economy.
This was to be his proving ground,
where he left behind a childhood struggle
with dyslexia and
stepped out of his sib¬
lings’ shadows. Here
he would show he
could be, like his fa¬
ther, a man of stat¬
ure.
It didn’t turn out
that way. The “Mr.
Perfect” of the five Bush children has be¬
come a symbol of the greed and abuse that
drove the country to its worst financial
crisis in history. ^
In public hearings this September, regu¬
lators will try to impose a disciplinary ac-
■ FLAWS: A rela¬
tive's misstep
never scuttled a
presidency /12A
■ USELESS: Sil¬
verado memo
dismisses board
as useless./! 2A
Denver Post File Photo
CAUGHT IN THE MIDDLE: Neil campaigns for his father in 1988.
tion against Bush for what they call the
“worst kind” of conflicts of interest while
he was on the board of Silverado Banking
savings and loan.
The Federal Deposit Insurance Corp. is
expected to name him in a $200 million
lawsuit charging that Silverado’s directors
ignored their duty to halt abusive prac¬
tices at the failed thrift.
"Neil Bush has cast this issue in a whole
new light,” said Robert Litan, a senior fel¬
low at the Brookings Institution in Wash¬
ington. “He’s made an obscure and com¬
plicated scandal easier for people to get
their arms around.”
In recent weeks, Bush suddenly has re¬
fused to speak to the press, and he de¬
clined to be interviewed for this article.
But in a flurry of press conferences and
interviews he held last month and earlier
Please see NEIL on 12A
Please see COTTER on 15A
Baker dodges
PR bullets
over hunt
in Mongolia
By The Washington Post
WASHINGTON — Secretary of State
James Baker’s planned visit this week to
Mongolia, a country low on the list of
American diplomatic priorities, has
caused grumbling within the State Depart¬
ment because some officials believe diplo¬
macy has been fashioned to suit Baker’s
hunting needs.
The visit, and the grumbling, began with
a Mongolian invitation last fall for Baker
to stop in that coun¬
try
Mongolian officials
also held out the op¬
portunity for Baker,
an enthusiastic hunt¬
er, to try to shoot an
exotic argali sheep,
according to govern¬
ment and private
sources.
A threatened spe¬
cies, the argali sports
horns that can grow to ,
6 feet. Baker
Its mounted head is considered a major
trophy, particularly among Texas sports¬
men.
Yesterday, in response to a query from
The Washington Post, Baker spokeswom¬
an Margaret Tutwiler said Baker has no
intention of hunting the argali.
Instead, Tutwiler said, Baker will take
time off on his last days in Mongolia this
week fishing and perhaps hunting “wild
goats (that) are not on any threatened
lists.”
“He would not ever hunt something that
was endangered or threatened or about to
be on those lists,” Tutwiler said.
A State Department official said yester¬
day that Baker might “try to see an argali,
but he won’t shoot it.”
Even the Mongolian government consid¬
ers the Altai Mountain Argali so rare that
it only allows 25 to be killed in one year
and normally charges hunters, such as
Baker, $25,000 for a permit to shoot the
animal, according to a spokesman for the
World Wildlife Fund.
Leader of i niiidad coup attempt
threatens to kill prime minister
Vy Th# AmdcwM Ptmi
IX)BT OF-8PAIN, Trinidad A
black Moslem leader of an at¬
tempted coup threatened ycuter
day to blow up the prime minister
and other government leaders held
hostage by his group, a churchman
said One report said 22 people
dies! in the uprising.
Government-run radio an
nounced late in the day that a set¬
tlement had been reached with the
rebel leader It said the leader of
the rebels, who have been linked to
Libya, had asked for a plane to
take him and his supporters to that
North African country
The radio report, which quoted
TV NIWS SNOWS
Here is a rundown of today's
television interview shows
■ This Week With David Brink-
ley (KUSA-TV. Channel 9. 11
a m . ABC) C. Boyden Gray.
White House counsel, Faye
i Wattleton. Planned Parenthood
\ Federation ot America. Arthur
\ Kropp. People tor the American
' Way. Sualn Smith, associate
legislative director. National
Right to Life Committee; and j
I Richard ViQuerie. United Con- i
servatlvea of America, on the
Souter nomination
■ Meet the Preaa — (KCNC-TV,
Channel 4. 9 30 a m . NBC)
Reps Newt Gingrich. R-Ga .
and William Dannemeyer R-
Calif; and political consultant
David Keene, on the conserva¬
tive agenda in the 90s
■ Face the Nation — (KMGH-
TV. Channel 7. 9 30 a m . CBS)
Charles Black. Republican Na¬
tional Committee; Fred Barnes.
New Republic; Eleanor Clift,
Newsweek, on future of GOP
■ Newsmaker Sunday — (Ca¬
ble Network News. 8 30 a m .
CNN) — William Kunstler. Cen¬
ter for Constitutional Rights.
Richard Viguerie. United Con¬
servatives of America; Sen
Dennis DeConcini, D-Ariz , and
Sen Charles Grassley. R-lowa.
Judiciary Committee, on the
Souter nomination
FOR THE RECORD
The Denver Post will correct
aM errors occurring in Its news
columns If you find a problem
with a story — an error of fact
or a point requiring clarification
— please call the city desk
Telephone (303) 820-1201
an unidentified police nupei'intcn
dent, could not be immediately
confirmed. The report did not May
if the government had accepted
the request to provide the plane,
In addition, the station reported
a gunbuttlc late yesterday after
announcing the settlement It said
four people were wounded In the
clash between two policemen and
two civilians outside a television
station where the rebels were
holding hostages It gave no de¬
tails
The report of deaths in Friday
afternoon's takeover of the Parlia¬
ment building and subsequent
fighting came from the Barbados-
based Caribbean News Agency
Officials gave no casualty figures,
but the Red Cross Issued an urgent
call for blood donations.
Roman Catholic Archbishop An¬
thony Panltn said the coup leader,
Abu Bakr, told him the prime min¬
ister and the other officials cap¬
tured Friday “are wired up with
explosives.”
Pantln said on state radio the
threat was relayed in a 25-minute
telephone conversation with Bakr,
who threatened to blow up the cap¬
tives and himself if government
troops mounted an attack on the
rebel-held television station.
The Moslem rebels fired auto¬
matic weapons in storming the
Parliament building, seizing
Prime Minister Arthur N. Robin¬
son and several Cabinet ministers.
Police in the former British col¬
ony of two islands off the Venezue¬
lan coast imposed a curfew until
this afternoon, and Jhe acting pres¬
ident declared a state of emergen¬
cy
The acting president, Joseph
Emmanuel Carter, put the 5,000-
member army and 1,500-member
police force on alert. President
Noor llassan.di wan in London
Jones Madeira, the television
station's news director, who is be¬
ing held by the rebels, said in a
telephone interview yesterday
with a government-controlled ra¬
dio station that Bakr had invited
the archbishop to meet with him at
the television building.
Madeira said there was shooting
outside the television building and
asked that it stop because it endan¬
gered hostages there.
Pantin and Anglican Bishop
Clive Abdullah went to the occu¬
pied television station last night
for negotiations with Bakr, accord¬
ing to government-run radio. At¬
torney General Anthony Smart
said on the radio that talks were
under way with Bakr for the re¬
lease of hostages.
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4. 1991
Mint looks to
modernize facilities
By Alan Herbert
"Mth s"Stall Writer
The U.S. Mint is embarking on a
major modernization plan that will see
some vital changes in the next five
years.
Building on the successful installation
of high-speed coin presses at Denver in
the past several years, the Mint is look¬
ing toward increasing Denver capacity
to the point where it will exceed that of
the main mint at Philadelphia by fiscal-
year 1996
With other sweeping changes, includ¬
ing the possible installation of a die
shop at either Denver or San Francisco,
the logistics of supplying both circulat¬
ing and collectible coins will bring about
some important changes in the way the
Mint operates
For the first time the Mint has admit¬
ted in its annual report to Congress that
it is still operating coin presses to stnke
collectible coins that are 90 or more
years old. It plans "replacement of all
the old Mint standard and Columbia
presses (some of which date from the
turn of the century)
A couple of the new presses are
already running at both San Francisco
and West Point, with three new presses
headed for San Francisco this year. An
average of six new presses a year are
scheduled for the two mints through
1996.
Production plans for the circulating
coins call for 23 of the old Bliss finger-
feed presses to be retired by 1996,
replaced by 28 new hiRh-sDced presses
Following arc excerpts from the U.S.
Mini’s wniicn answers to questions submit¬
ted by the House Subcommittee on Con¬
sumer Affairs and Coinage
Is the Mini still interested in hating the
name “U.S. Mint" protected to help alleviate
fraud?
Yes The Treasury Department intends lo
submit legislation to amend 18 U.S.C. 709,
relating to "False advertising or misuse of
names lo indicate Federal agency." by adding
the U.S. Mint to the list of federal agencies
currently protected This legislation would
require all persons lo obtain the permission
of the Director of ihe Mint before using the
words United States Mint or any imitation of
such words in a way reasonably calculated to
convey the impression that such use is
approv ed or endorsed by the Mini
Over the recent years, there has been a
growing tendency towards using "U S. Mint"
in an advertisement or as a portion of the
capable of striking a minimum of 700
coins per minute.
For purposes of comparison, the Mint
cites capacities of 129.6 million coins
per year for a Bliss finger-feed press. 162
million per year for the converted Bliss
Mint/Page 12
company name for the sole purpose of
attracting the attention of potential custom¬
ers. Most of these businesses offer numis¬
matic products, either their own medals or
medallions or U S Mint products, and the
use of the Mint’s name may suggest to the
public that this business is somehow asso¬
ciated or approved by the U S Mint For
example, we know of two private companies
that have used the name "U.S Mint. Inc " to
sell numismatic or mcdallic items Another
example involved a private company which
offered for sale a purported "UNITED
STATES MINT SPECIAL SILVER 25
YEAR COIN SET " At the lop portion of the
advertisement in large bold type is the phrase
"UNITED STATES MINT" and the name
U S Mint appeared numerous times
throughout the ad
How much of a problem has mail and coin
Name/Page 12
Mint concerned about misuse of name
June 4. 199
WHY ARE WE SELLING COIN
FOR LESS THAN COST?
Coast to Coast Coins has been a reputable source for quality coins for years and one r<
we’ve never been after the ‘fast buck’. Instead, we’ve built a successful business on a s
repeat orders from satisfied customers, so we don’t mind losing a few dollars on your I
give us a chance to prove ourselves to you and will hopefully translate into future busim
Place your trial order today!
t
Mint/ from Page 4
dial-feed presses, and 165 million coins
per year for the new Schuler and
Graebner presses that are being
installed at Denver and Philadelphia
Projections for the replacement pro¬
gram estimate capacity for 1991 at 20.9
billion coins, which will increase to 22.7
billion coins by 1996.
Because of the increasing demand for
coins in the western part of the country ,
production at Denver is scheduled to
increase with the installation of new
presses, new coin handling and materi¬
als handling equipment, and other
improvements. If all goes according to
plan the 1996 production at Denver will
exceed that at Philadelphia by a small
margin.
As a result of seismic studies con¬
ducted after the San Francisco earth¬
quake of 1989, it was determined that
the Old San Francisco Mint requires
substantial structural strengthening,
with costs estimated at some $20 mil¬
lion. Similar correctional work at the
current San Francisco Mint is estimated
at $2 million, which will be included in,
the 1993 budget.
West Point, which finally achieved
full mint status in 1988. will be getting
other upgrades besides new semiauto¬
matic numismatic coin presses. Even
Fort Knox, which the Mint admits has
had limited maintenance over the years,
is due for some significant repair work.
Buried in the statistics covering the
Name/from PaRC 4
fraud been to the US. Mint in recent years?
We estimate that on an average, we receive
12 inquiries per month from the public con¬
cerning advertisements where there is poten¬
tial fraud or misrepresentation In some
instances, consumers attempt to place orders
with us. not realizing that the offers were not
made by the Mint
We are also concerned with the overall
impact upon the numismatic community. If
these companies arc not stopped, the con¬
sumer will eventually grow distrustful of the
entire numismatic field and his interest in
purchasing com products will decline
What types of actions have been taken to
prevent individuals and companies from mis¬
representing their numismatic products to the
public?
The U S. Mint has recently obtained a
registered trademark for the words “United
wide variety of new construction, new
equipment and new methodology is a
response to a question that indicates the
Mint is planning to add edge lettenng to
proof coins.
Although the answer is vague as to
whether this is intended just for com¬
memorative proof coins or whether it
will also be applied to the proof versions
of the circulating coins, it docs mark a
major milestone in U.S. coin produc¬
tion.
As but one example of the impact that
modem technology is having on com
production, the Mint notes in the report
that plans are under way to put bar
codes on dies/. Traditionally, dies have
had serial numbers, but these must be
physically scanned by human eyes to
record the numbers.
Bar coding will addio the benefits of
automation and enable the Mint to keep
more detailed records of die usage.
It’s also interesting to note that the
U.S. Mint is completely out of the strip¬
making business, depending entirely on
outside suppliers for either strip or fin¬
ished planchcts for all of the coins from
the cent through the clad coinage and
the silver and gold bullion and com¬
memorative coins. As part of the mod¬
ernization, new blanking presses using
carbide dies are being phased in to
replace outmoded equipment, and mod¬
ernization is also taking place in the
annealing area.
States Mint.” Wc arc currently working with
the Justice Department on one company's
use of the name “U.S. Mint, Inc." on grounds
of trademark infringement With regard to
potentially deceptive advertisements, our
general practice is to forward the ads to the
U S. Postal Service for investigation into
possible mail fraud violations. The Mint has
no law enforcement authority itself in this
area.
Would the Mint favor a common reverse
for Congressional Gold Medals?
Yes, the Mint favors a common reverse on
all Congressional Gold Medals for the fol¬
lowing reasons:
■ It is very cost effective since new reverse
dies, with associated engraving work, will not
be required for new medals
■ It can save lime and effort in the design
approval process. It has been the Mint’s
Name/ Page 16
We would like to share with you our “secret” formula for buying rare coins
nr«Kii har I 8e ’ qu . a,,t y remams timeless. In fact, quality is probably the singlt
problem-free, pleasing coins. Our primary consideration is simple: Is this c
his^besTpHce° rS t0 Remember ’ 3,1 prices are negotiable depending 01
NOTE: ALL COINS ARE PCGS GRADED.
* ■ Recent addition to inventory (within last 2 weeks).
A - Currently within the Condition Census (Highest 5 Graded)
as of 5/91 PCGS Pop. Report.
PQ = Premium quality for grade (in our opinion).
MINTAGE: Blank if over 100,000
H1O0 SILVER
Data-MM, Var
Dan
Mintage
PCGSGnJ
Note
Price
1795
H10C
86.416
F-15
PQ
1.200
1795
H10C
86.416
VF-35
PQ
2,350
1795
H10C
86.416
XF-45
3,050
1797 15 Str
H10C
44,527
VF-25
PQ
2.250
1803 Lg Ot
H10C
37,850
F-15
PQ
1.150
1830
H10C
—
AU-50
PQ
550
1831
H10C
—
MS-63
PQ
3,350
1838 NDrap
H10C
_
AU-58
275.
1840 Drape
H10C
—
MS-60
PQ
1.250
1842-0
H10C
—
VF-20
275
1842-0
H10C
_
VF-30
▲
365
1844-0
H10C
—
XF-45
A
975.
1848 Lg Ot
H10C
—
MS-63
PQ
5.150
1851-0
H10C
—
MS-62
*PQ
825
1863
H10C
18.460
MS-62
*PQ
875
1865-S
H10C
—
AU-55
▲
725
1866
. H10C
10,725
All-55
650
1866
H IOC
10.725
MS-62
PQ
950
1868-S
H10C
—
MS-63
PQ
1.250
100 SILVER
Date-MM, Var
*1 DOLLAR G
Date-MM. Var
1853-0
1855 U
1855-C
1857- S
1858- 0
1858- S
1859- S
1860- S
1870-S
1877
Date-MM Var
1839-C
1841-C
1843-0
1843-0
1843- 0 Sm Ot
1844
1844- C
1844-C
1848- C Sharp
1849- 0
Dan
Mintage
1.0
_
10
_
10
9,803
10
10.000
.1.0
3.477
10
10.000
10
15.000
10
13.000
10
3.000
10
3,920
’DOLLAI
Dan
Mintage
25
18.140
25
10.281
25
36.209
2.5
36.209
25
_
25
6.784
25
11.622
25
11.622
25
16.788
25
10.945
16
NUMISMATIC NEWS
June 4. 1991
Name/from Page 12
experience that receiving approval of reverse
designs b> prospective recipients is much
more time consuming and labor intensive
than approvals of obverse designs Reverse
designs tend to be thematic and. therefore,
subject to more revisions than obverse
designs which are usually simply a portrait of
the recipient(s)
■ Often, having the medal available for a
specific event is important to the marxcting
effectiveness of a medal program Delays in
obtaining final approvals for designs/engrav-
ings could seriously affect this timing
Do you anticipate that the public will ever
want a dollar coin? la 5. 10. 15 years?
The Mint will respond in earnest to any
dollar com legislation passed by Congress
There seem to be two facts that arc ingrained
relative to the coin behavior of the public
First, the public has not expressed any desire
for a dollar coin Second, in all industrial
nations where a high denomination com was
introduced, success in circulation was not
achieved until the corresponding note was
withdrawn The Mint believes that there
would be substantial uproar from the public
if the dollar note was withdrawn The intro¬
duction of a dollar com into circulation
requires a change in public sentiment The
time for such a change is not predictable
W hat are the current costs of producing the
penny, nickel, dime, quarter, half dollar?
The 1990 production costs for domestic
coinage are as
lar):
follows (in fractions of a dol-
Penny
.0077
Nickel
0342
Dime
0171
Quarter
0382
Half
0729
Should the subcommittee consider changing
the gold Kagle from 22 karat to 24 karat to
improve its marketability in the Far Fast?
This is a difficult question to answer with a
simple yes or no Listed below are the pros
and cons of changing the gold Eagle from 22
karat to 24 karat
■ Pros The Eagle's primary competitors
worldwide are 24 karat including the Cana¬
dian Maple Leaf the Australian Nugget, the
Chinese Panda and Austrian Philharmomca
Vk c understand that the South Africans arc
considering changing the Krugerrand to 24
karat also
Twenty-four karat coins account for
approximately 80 percent of all gold coins
sold worldwide
A 24 karat Eagle will help marketability
particularly in the Far East where fineness is
important and perhaps also in the United
States, currently our largest market
■ Cons: The Mint has sold millions of 22
karat Eagles and it is likely that many of
them are still in the market place If the
United States issues a 24 karat Eagle, these
22 karat coins may be perceived as inferior
and it is conceivable that customers could
demand replacements for them
The Mint has often promoted the durabil¬
ity aspect of the 22 karat coins in its advertis¬
ing (it is harder metal and more resistant to
scratching and other damage) Replacing it
with a softer 24 karat coin could reduce the
Mint's credibility with the consumer
The future of the Mint's very profitable 22
karat Proof Eagle Program could be jeopar¬
dized We have never produced a 24 karat
proof coin and we recognize there could be
technical difficulties in doing so
Why does the Mint manage the Proof Eagle
program separately from the Uncirculated
Eagle program?
The legislation establishing the gold and
silver bullion Eagle programs did not autho¬
rize the minting of proof versions of the
coins The Mint used its existing numismatic
authority to issue proof versions of the
bullion coins The coin programs thus are run
as separate programs, reflecting their differ¬
ent pricing (one reflecting the daily shifting
intrinsic value of the coin, the other reflect¬
ing a numismatic premium) and different
marketing.
Additionally, the Mint's numismatic fund¬
ing authority in 31 U.S.C. 5132(a) (I) allows
us to use the proceeds of the sale of an item
only to reimburse the appropriation that
funded the item. Excess revenue must be
turned over to the general fund of the Trea¬
sury Thus, numismatic revenue produced by
one product (c g the gold bullion com) can¬
not be used for expenses of other products
(e g the gold proof bullion coin I
Does the Mint support combining the pro¬
grams'* If yes — can the Mint provide lan¬
guage on this proposal?
Yes Combining the revenues from the
numismatic coin programs will allow the
Mint to shift funds from successful programs
to support advertising and market develop¬
ment costs to improve the success of less
profitable programs
The Public Enterprise Fund legislation
that Treasury introduced last year, and
intends to reintroduce this year, would
achieve this result
In Germany and Japan gold bullion coins
can be purchased at most bank branches, lias
the Mint considered establishing programs to
market the Eagles through banks? What has
been the outcome?
In countries such as Germany and Japan.
Eagles and other bullion coins are frequently
marketed through banks The Mint has also
been working on establishing programs to
market the Eagles through banks in the
United States However, most U S banks
have expressed very little interest in carrying
ours or any other bullion coins for one over¬
riding reason lack of profitability in this
business Many banks have tried implement¬
ing precious metals programs only to subse¬
quently close them down due to lack of
account holder interest and the very slim
profit margins associated with bullion coins
Nevertheless, the Mint has continued to
work closely with its authorized purchaser!
and large secondary precious metals dealers
in attempting to get more banks involved in
carrying American Eagles To date, such
efforts have been met with only marginal suc¬
cess and as a result, most Eagle distributors
have all but given up on trying to convince
the banks to carry bullion coins
Is the Post Office a viable distribution point
for Siher iagles’ iias the Mint pursued dis¬
cussions with the Post Office? If so. what has
been the outcome’
The Post Office is a questionable distribu¬
tion point for Silver Eagles The postal auth¬
orities we have spoken to on this subject are
concerned about
' the low profit margins traditionally asso¬
ciated with bullion coins.
* effectively securing and accounting for
coin inventories and
• developing a mechanism for informing
their employees of the current spot price of
silver as they sell the coins
We are continuing to talk to the Post
Office and are currently working with them
in displaying our point o! purchase materials
in some of their West Coast offices as a mar¬
ket test
Does the Mint make kmrrican Siher taglr
coins available in both proof and uncirculated
condition at its retail sales centers? If not.
would it be profitable to make arrangements to
do so?
In the past, we have used a direct mail
offering to the Mint's customer list to sell the
Proof Eagles Last year, the first year the
Mint announced limited mintages on ns
Proof Eagles, the entire mintage of proof
Eagles was sold out through this direct mail
offering. In the future, if inventories of Proof
Eagles remain after the initial Mint mailing,
the Mint would be able to offer the coins to
the public through its sales centers.
The uncirculated coins, as a policy. are cur¬
rently not sold directly to the public but to a
group of authorized purchasers who have
met stringent financial criteria and who buy
from the Mint in large quantities The large
purchasers then make the coins available at
the wholesale and retail level
By way of background, the American Eagle
Bullion Coins are directed toward the pre¬
cious metals investment markets and are pri¬
marily purchased by investors interested in
gold and silver as commodities To ensure
that the U S. bullion coins are highly compet¬
itive in price, liquidity and availability with
other bullion coins in the domestic and inter¬
national markets, and to ensure that a two-
way market exists for the coins, the United
Slates Mint utilizes the well-established net¬
work in the private sector for the worldwide
distribution of the coins. Therefore, the U S
bullion coins are sold in bulk quantities to
business firms (authorized purchasers) which
have mcl strict qualifying criteria and have
been approved by the U5. Mini The author¬
ized purchasers provide the bullion coins to
the retail market where individuals are able
to purchase (he American Eagle Bullion
Coins at local coin shops and from precious
metal dealers, brokerage firms, various banks
and other financial institutions
Pricing of the American Eagle Silver
Bullion Coins is based on the market price of
silver plus a premium The premium charged
by the Mint to its authorized purchasers is SI
per coin. Prices on tbe retail level will vary
depending on the quantity
If the Mint were to sell the bullion coins
directly to individuals, there would still be a
premium charged to customers In addition
to the premium the Mint currently charges its
authorized purchasers to cover the cost of
production, marketing and distribution a
higher price would result from the significant
increase tbe Mint would incur in tbe distri¬
bution cost Additional staff as well as
increased overhead and automation costs
would raise the price of the coins
June 4,1991
NUMISMATIC NEWS
BUST DOLLARS
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M, hmaUtFAUbeMre^f.
Ryder may be
next director
of U.S. Mint
By Burnett Anderson
Sews" Washington Bureau w
For the first time in decades, a
leading candidate for the position
of U S Mint director is a man,
David J. Ryder, deputy to U.S.
Treasurer Catalina V Vdlalpando
Ryder came to the Treasury
almost I •h years ago from a posi¬
tion as deputy chief of staff to Vice
President Dan Quaylc. Unlike
some of his predecessors in the
Treasury office, he has avoided
public exposure and has had little
contact with the press.
In response to questions about
filling the vacancy. Steve Gibson,
press secretary to the U.S treasurer,
said he had heard the reports that
Ryder was a candidate for the posi¬
tion, but be had no information on
the appointment
The office of Charles G. Unter-
meycr, director of presidential per¬
sonnel at the White House,
declined comment.
Director/Page 24
Director/from Page i
t position of U S. Mint director
has been a monopoly of women execu¬
tives for almost 30 years and. with one
exception, for almost 30 years before
that
The tradition in the position was
begun by President Franklin Roosevelt,
when he appointed Nellie Tayloe Ross
in 1933. She had an unusually long ten¬
ure, 22 years, and was succeeded by
William H Brett, who served until
1961.
Since then the directors have been,
successively. Eva Adams, Mary Brooks.
Stella Hackel Sims, and the incumbent.
Donna Pope
For some lime, the post was consid¬
ered something of a sinecure, a desirable
sub-cabinet level position of some
prominence supervising an experienced
professional staff
However, with the resumption of
commemorative coinage in 1982, intro¬
duction of bullion coins, and other
innovations, Pope's tenure has required
full-time, hands-on direction and has
given the job high visibility. She has
announced her intention to leave later
this year after completing two five-year
appointments.
The reports of Ryder's candidacy
came at a time when feminist leaders
were leveling criticism at President
Bush for alleged failure to appoint suffi¬
cient women to responsible executive
positions in his administration.
Only one other name has surfaced
prominently as a candidate, that of Bar¬
bara E McTurk, superintendent of the
Denver Mint. She recently visited
Washington and was interviewed in
connection with the position, but insid¬
ers believe Ryder has the fast track.
Ryder would bring a measure of expe¬
rience to the job. The U.S. treasurer has
oversight responsibility for the Mint,
which Ryder has helped exercise as dep¬
uty treasurer
He would also bnng a strong Republi¬
can background and long-standing rela¬
tionship with Bush He was director of
operations for the transition team when
Bush look office in January 1989
Ryder was also director of operations
for the 1988 Republican Party conven¬
tion, which nominated Bush Prior to
that, he had been with a private, high-
volumc computer mail-distribution
company, TCOM Systems Inc For a
ume he was director of the advance staff
under Bush when the latter was vice
president.
Ryder is a graduate of Idaho State
University He and his wife. Margaret,
have two children. His wife is a member
of the staff of the White House office of
presidential personnel
Pope to Leave Money-Making Job
| . Donna Pope the former Ohio slate
successfully held off congressional proposals to
fojrc a redesign the nation's coins, will leave her
I position as d,rector of the U.S. Mint later this year.
I ^ Pope said yesterday she may return to Ohio to
sms
K •* <l« l*n»« Mm, mm*
1989 is likely to succeed Pope.
Pope* revived a dormant commemorative coin
urogram during her tenure. It raised millions of dol
I for the U.s Olympic team and other chanties in
the procev, #1^ V/"/*//
TTrrrn
f Vol. 35 Issue 1791
’Enriching coin collecting through knowledge.
August 8, 1994
Second die shop on tap at Denver Mint
Engraving, master die output to stay in Philadelphia
Groundbreaking for a new die
production shop at the Denver
Mint to supplement the only cur¬
rent existing die shop at the Phil¬
adelphia Mint is scheduled for
September, with die production
r to begin sometime by the spring
of 1996.
Rich Schemmer, president of
Combined Organizations of Nu¬
mismatic Error Collectors of
America, learned of the sched¬
uled second die shop on July 14
during a Denver Mint tour by
collectors and instructors from
the American Numismatic As¬
sociation Summer Conference in
Colorado Springs. Schemmer
alerted Coin World with the
news.
In a July 21 interview with
Coin World, Duane R. Sjaarde-
ma, chief of the Plant Engineer¬
ing Division at Denver, said the
20,000-square-foot addition will
accommodate production of dies
for circulating coins, com¬
memorative coins and medals.
Sjaanlema said the planned die
shop at Denver is projected to be
capable of producing 50,000 dies
initially for use at Denver, with
capability to expand that output
for Denver or to other Mint fa¬
cilities. More than two dozen
jobs are expected to be added as
a result.
Cost of the addition of the die
shop at Denver is expected to
cost in excess of $5 million, ex¬
clusive of machinery, Sjaardcma
said. He said construction is ex¬
pected to be completed by Janu¬
ary 1996, and equipment moved
in within the next two months.
Die production could begin
sometime after March 1996, he
said.
Traditionally, the die shop and
engraving department of the U.S.
Mint has been located solely at
the Philadelphia Mint since 1792.
The Mint has never operated a
die-making facility at another lo¬
cation since the Philadelphia
Mint opened.
The Mint’s engraving staff
will remain in Philadelphia. The
production of plaster models by
the Mint’s sculptor-engravers
will remain in Philadelphia.
From that stage, the models are
placed on a Janvier reducing ma¬
chine from which a master hub is
made for later production of
master dies. All master die pro-
Pleose see DENVER Page 39
THr CUTTING and preparation of die stock, as shown here
at .he Philadelphia Mint, is but one of the operations sched¬
uled to be undertaken at the Denver Mint with the addition
of a die shop there.
INSIDE this week
Trends.28
Early quarters to
Anthony dollars
WWII collectibles ...10
; ARE SOLD,
dls Them!
the mid-
ry major
ON
t known
the Berg
Id Proof
many
787
the
the title
cabinet
the
variety;
the
unique
WHEN THE TIME COMES FOR
you to sell, there is one obvious choice, Auctions by Bowers
and Mercna Inc. Of the top ten world’s record prices held for
American coins, we hold six—which is more than all of our
competitors combined. Further, of the three most valuable
United States coin collections ever to cross the auction block,
we catalogued and sold all three.
WHETHER YOUR COLLECTION
is worth several thousand dollars or several million dollars, we
look forward to working with you. We offer an unequalcd
record of success, award-winning “Grand Format™* cata¬
logues with preparation by some of the world’s best known
numismatic professionals, and the showcasing of your collec¬
tion to our world-wide mailing list.
YOUR TELEPHONE CALL TO
Dr. Rick Bagg or the return of the coupon below will bring our
immediate response. There is no obligation—just the opportu¬
nity to sell your individual rare coins, or your complete
collection, for the very best
OVER THE YEARS WE HAVE
sold hundreds of millions of dollars worth of
coins for over 10,000 consignors, ranging from
important private cabinets such as the Garrett Col¬
lection, to institutional collections such as those of The
New York Public Library and many others.
DENVER from Page 1
duction will also remain at l*hil-
adclphia
It it dunng the master die
stage that the Mint mark for the
dies intended for each coinage
production facility is placed. Tire
Mint marks will continue to be
placed on the master dies at Phil¬
adelphia. Sjaardema said. The
master dies lor each obverse and
reverse com or medal will then
be sent to Denver.
The die shop planned at Den¬
ver will include a blanking room,
hubbmg room, heat treating area,
and a quality control or quality
assurance area. The Denver facil¬
ity will be able to use the master
dies to produce working hubs,
and from them, working dies.
Raw die stock will be cut and
prepared to proper specifications
to receive the impressions from
the working hubs to become
PRODUCTION OF dies for
the Denver Mint is ex¬
pected to begin at a new
die shop to be operational
at the facility in the spring
of 1996.
working dies. During the process,
the dies will be heat-treated, or
annealed, for hardness. Blueprints
show that the new die shop will
house 14 new com vuults.
Sjaardema said the coin vaults
will be constructed beneath the
plunncd die shop, with current
coin storage space being con¬
verted to counting und bagging
operations or for some other use.
Crcuiion of a second die shop
in addition to the Philadelphia fa-
edity wus originally proposed as
pan of the United Stales Mint’s
Fiscal Year 1993 budget request.
At that time, the cost was pro
jeeted at $# 5 million, with the
funding to come from reimburs¬
able operations.
The Mint's rationale for a sec¬
ond die shop was tied to a sig¬
nificant expansion in reimburs-
oblc/numismutic operations be¬
cause of the production of the
new silver Proof set beginning in
1992, additional commcrrawative
coin programs and additional
medals. Mint officials were also
considering a facility to handle
die production should the current
Philadelphia operation be dam¬
aged or compromised.
No specific site was suggested,
although consideration was being
given ut that time to Denver, San
Francisco or another secure site
near a Mint facility.
"With the current situation,
we’re quite vulnerable,” Sjaarde¬
ma said, noting that if something
happened to the Philadelphia die
shop, “the Mint could be out of
business.”
Denver's die shop, once opera¬
tional, will be able to function as
a backup to Philadelphia as well
as handling the additional die
workload for the Mint's coinage
und numismatic demands.
The possibility of the die shop
coming closer to fruition, und
specifically in the Denver area,
was announced in 199.3 dunng a
Denver Mint tour by ANA Sum¬
mer Conference participants. At
that time, a senior Mint engineer
mg official was scouting secure
facilities in the Denver area
which could accomiTKxlatc a sec¬
ond die production shop.
Sjaardema told Coin World the
Denver Mint itself win settled
upon as the logical site for secu¬
rity as well as administrative rea¬
sons. Q3
For the Record
Due to a typographical error, noted the Flowing Hair, Cham
the Aug. 1 ‘‘Are You Aware” cent as being dated 1793, not
column on Page 23 should have 1794. G2i
T
Attention:
Due to our ever increasing collector com business,
ararr consistently in need of all types of collector material.
Wf can use complete or partial collections, hoards, singles, rolls or bags.
As you have seen from our catalogs, mail bid sales and other
advertisements, we sell everything from soup to nuts
and are in continuous need of replacements
Examples: coins (all types), currency, tokens, gold tewelry
(all types including dental gold), stiver flatware and any
other sterling items, stamps and collector autographs
What makes us different from most other “big~ buyers?
Since we are the end user of 90% or more of the items we buy,
we can pay more. We don't have to buy your corns
at a lower price level so we can resell them to a retailer.
We are that retailer!
We have t housa nds of happy customers for all types of coins
-from common to key - from cull to gem.
If you haze a collection, accumulation, or perhaps an estate
you re inherited. please keep us m mind for fast, fair and confidential transactions
Please feel free to give us a call, drop us a note or just pack
up your coins and send them for our far offer.
FOX VALLEY COIN EXCHANGE
Dept. CW8-OS-94 • 103 E. 1
Location, severity of marks crucial
in making final grade determination
Mint Stale 60 through MS-
63 Peace dollars were ana¬
lyzed in previous install¬
ments of this column. For
lower Uncirculated grades,
negative aspects of a given
coin tend to outweigh posi¬
tive factors.
At the MS-64 grade,
however, a Peace dollar’s
positive attributes begin to
gain the upper hand.
Luster. An MS-64 Peace
dollar should have luster
that is original, wholesome,
and above average quality
for the date. The dull, impaired, lifeless
luster which typifies MS-60 to -63 ex¬
amples should not be present for MS-64
Peace dollars. Overdipped Peace dollars
SUPERIOR MINT luster makes this 1922 Peace
dollar a high-end Mint State 64 specimen. Minor
cream-colored spots on the obverse prevent an
MS-65 grade.
strikes. The other S Mint dates may also
be found weakly struck, but on average,
the 1924-S. 1926-S, 1927-S. 1934-S and
1935-S will have a somewhat sharper
jhan the first group of S Mint dates.
I
I
I
I
Sounds of Denver’s growth are
heard throughout the region
DENVER from page 2
munities in Rock Creek and Highlands
Ranch and Parker and Thornton. Listen
to dry wall going on around homes in
Louisville — a coal mining town between
Denver and Boulder that's grown 20.7%
since 1990 — and in Castle Rock (20%),
site of this year's great Parade of Homes.
And nothing that happens this year. . .
not the baseball strike, or some cutback in
federal spending, or another foul-up out at
our new airpori on the prairie . . . will
for sore eyes. Do you think you'll find the
same kinds of deals available a year from
now? Don't count on it.
. .. — i'imiiiv - . v* in
c thcr frij* rran^fornixitions happening
This is a place where people want to
buy a house, and spend their youth, and
meet their mates, and raise their kids, and
start a business, and make their fortunes.
And it's even a place where some of them
want to finish out their final days.
How do you like the price of a new
house here in Denver? If you're from the
West Coast, a three-bedroom with two-
and-a-half baths, a full basement and a
master suite — at $135,000 — is a sight
The site that a $135,000 new house is
built on was developed one or two years
ago, when plenty of platted land was still
left over from the big S&L boom of the
early 1980s. The ground that a new' house
goes on next year won't be such a deal.
Meanwhile, builders and developers are
coming up against plenty of costs that are
driving up the price of new homes: new
prices for water taps, and higher permit
fees and surcharges, just to name a few.
They add up to thousands of dollars that
will affect even the smallest, least expen¬
sive new home on the market.
All of these factors will gain more
weight, not less, in years to come, as the
“Make development pay its own way"
sentiment gains popularity — and as new
arrivals from other places join the growing
Please see DENVER page 5
- ■, I
TV
L
Photos by Ufr ie Stover
Denver attractions:
ABOVE The Denver
Center for Perform¬
ing Arts hosts the
Colorado Symphony,
Opera Colorado, the
Colorado Ballet, the
Denver Center The¬
atre Company and*
the Robert Gar-J
ner/Center Attrac¬
tions “Best of Broad¬
way ' series
RIGHT Trinity
Church at 18th and
Broadwayjoffers his¬
torical tours ^every
/Sunday.
BELOW: The United
States Mint produces
five billion coins each
year Free tours are
conducted week¬
days
_u__ > I . . I .1 ■ '•
The Denver Post Advertising Supplement
Sunday, September 11, 1994
4
Omnibus hearing on coin bills
under consideration by House
By William T. Gibbs
COIN WORLD News Editor
Although it is already half over, the 101st Congress has not
passed a single bit of numismatic legislation.
In fact, little substantive activity has happened on the
numismatic legislative front since the 101st Congress con¬
vened Jan. 19, 1989, when compared to the recent flurry of
bills passed in the 100th Congress and before.
There are currently more than 35 pieces of numismatic
legislation before both houses of Congress, ranging in intent
from seeking commemorative coins, to authorizing national
gold medals for presentation to various individuals, to fight¬
ing drug dealers by tinkering with U.S. Federal Reserve
notes.
The House Banking Subcommittee on Consumer Affairs
and Coinage is considering holding an omnibus hearing, pos¬
sibly in March, on several pieces of numismatic legislation.
However, a spokesman for the subcommittee said a deci¬
sion on whether to hold such an omnibus hearing has not
been made, and no date has been set.
The first session was not entirely inactive, four bills were
passed although not by both houses. The House of Repre¬
sentatives has passed one measure, and the Senate, four,
including an amended version of the sole House bill gaining
approval:
• S. 681, seeking commemorative coins to mark the 1989-
1990 centennial celebration of six western states, was ap¬
proved by the Senate July 18.
• S. 148, seeking three commemorative coins honoring the
50th anniversary of the Mount Rushmore National Memori¬
al, was approved by the Senate Nov. 23.
• S. 428, seeking authorizationi to redesign all U.S. circulat¬
ing coinage, was passed by the Senate June 23.
• H.R. 1553, seeking commemorative coins to mark the
1989-1990 centennial of six western states and a 90 percent
silver Proof set, passed the House Nov. 20. The Senate
"passed an amended version of the bill Nov. 21, and sent the
measure back to the House. The House has taken no addi¬
tional action on the amended version.
Eleven bills seek commemorative coins, four Senate pro¬
posals and seven House bills. In addition to the three bills
passed by one house, the commemorative coin bills are:
• S. 814, seeking a circulating gold-colored dollar coin
commemorating the 500th anniversary of Columbus’ discov¬
ery of the New World. The bill has been referred to the
Senate Banking, Housing and Urban Affairs Committee. A
hearing is tentatively scheduled before the committe April
25.
Please see CONGRESS Page 20
• S. 1535, seeking commemorative coins
honoring the World University Games in
1993.
• H.R. 1028, seeking commemorative coins
marking the 50th anniversary of the Mount
Rushmore National Memorial. The bill has
been referred to the House Banking Sub¬
committee on Consumer Affairs and Coin¬
age.
• H.R. 1607, another measure seeking com¬
memorative coins honoring the centennial
of six western states and a 90 percent silver
Proof set.
• H.R. 2754, seeking three commemorative
coins marking the 1992 500th anniversary of
Columbus’ first voyage to the New World,
and one of several measures to have more
than 218 co-sponsors (the number necessary
for a hearing before the Coinage subcom¬
mittee).
• H.R. 2761, seeking commemorative coins
marking the 50th anniversary of the United
Services Organization.
• H.R. 3056, seeking three commemorative
coins honoring the 200th anniversary of the
death of Benjamin Franklin.
• H.R. 3177, seeking commemorative coins
and paper money honoring the 1993 World
University Games.
Three non-commemorative coin mea-
, sures are currently under consideration in¬
cluding S. 428, the circulating coinage rede-
> sign bill which passed the Senate June 23.
The other measures are:
• H R. 505, the House version of redesign
bill. No action has been taken the July 12
hearing before the House Coinage subcom¬
mittee.
• H.R. 1068, a measure which would au¬
thorize the striking of a gold-colored dollar
coin and an end to production of the $1 Fed¬
eral Reserve note.
Eleven bills seek medals, five of which
are national gold medals which would be
presented to various individuals: Frank
Capra, James Stewart, Fred Zinnemann,
Robert Wise, Brig. Gen. Herbert Wassom
and Arnold Raphel. In each of the five bills,
provisions are made for the production of
bronze duplicates for sale to collectors by
the U.S. Mint.
The other six bills seek commemorative
medals: Senate and House bills seeking
medals for the 1993 World University
Games, a House bill seeking medals honor¬
ing the 200th anniversary of the U.S. Coast
Guard, a House bill seeking medals com¬
memorating the Chicago Symphony Orches¬
tra, a House bill seeking medals commemo¬
rating the 50th anniversary of the attack on
Pearl Harbor, and medals commemorating
the 100th anniversary of Yosemite National
Park.
In addition to collector-oriented bills,
there are a number of proposals seeking
such things as a return to the gold standard
and a redesign of certain denominations of
Federal Reserve notes to combat illegal use
of the notes.
No numismatic legislation has been intro¬
duced since the second session of the 101st
Congress convened in January as of Feb. 7.
ROCHETTE
(From Page 18)
train, with armed guards, was
taking a shipment of coins from
the Denver Mint to Phoenix,
Ariz. The train consisted of four
wagons of unusual style, running
gear and a center frame box
holding kegs — nothing more.
One may have carried supplies.
The wagon train stopped one
night at the ranch and left
before daybreak, heading south¬
west.
Days later a group of riders
visited the ranch, following the
trail of the earlier wagon train.
The wagons, the ranchers were
told, never reached their next
scheduled stop on the original
itinerary — Montrose, Colo.,
some 14 miles west of the Black
Canyon country.
Jim Wilson surmised that the
drivers may have brought their
wagons too close to the rim, a
weakened area giving way, and
the dense brush at river’s edge
hiding the wreckage.
The Mint in Denver con¬
firmed that new coins were once
shipped in wooden kegs. Allow¬
ing for six kegs to the wagon,
four wagons in all, the total is 24
lost kegs.
They may lie somewhere at
the bottom of Black Canyon —
uncirculated 1908-D dimes
worth as much as $25 million to
trkHnv’a rftllertors.
uuiium*
ing legislation, creation of the design, and the personalities
involved in the project, he also pointed out the collectibility
of the original case, brochure and order form for the coin.
Could it be that those 10 people only read the captions
under the pictures and assumed that the society would still
be offering the coins, even though the captions referred to
an event in 1937 and described the marketing of that time
period? Perhaps. Have we not been told a thousand times
that one picture is worth a thousand words!
A more likely scenario is that those 10 persons are very
close readers and took the time to calculate the mintage
figures. Swiatek reports that 50,028 coins were struck at the
Philadelphia Mint in August 1937; 32,000 were later re-
i good for hobby,
preserve coins
Striking the issues
By Andrew Woodruff
I have bou
prooflike Moi
ly, considerir
Our Greatest Auctioi
The Official 1990 AN,
Awarded to Dana Linett’s San D\
March 2 & 3, 1990
held at the Town & Country Convention Centerl
mirmarr aWu.in w.
rf
iLjlhjft
\ Public Auction ai
Ismatic Guaranty Gorpj
)ws how important it
your coins’ grades
b be accurate. So
it make sure our
graders have
blenty of time to
Ide your coins ac-
Itely. Our graders
|e limited in the
^ber of coins they can
lise each day, and we
>nly a limited number]
[s for grading. We re th
)in grading service thatl
these limits.
Session I “Slab Mania” : F
Approximately 8^
Over $1,000,000 ini
set the industry stai
assign your coin todal
because NGC-graded
iding standards. We knl
ling time produces a bj
|i: a coin with a stable d
)ility and accuracy, lod
ganization intentionally held back some coins to be sold 50
and even 100 years after the issue date. And private hoards
of commemoratives from the 1930s have been found from
time to time.
However, we doubt any organization would seriously con¬
template selling U.S. commemoratives produced prior to
1954 at original Issue price.
The Antietam half (sold in 1937 at issue for $1.65) in the
same issue of Coin World which featured Swiatek's article
ranged from $285 in Extremely Fine to $875 for a Mint State
65 specimen in the U.S. Trends values.
From the perspective of the bargain hunter, it was proba¬
bly worth his 25-cent stamp to find out if there might be a
coin or two waiting for discovery! From the historical soci¬
ety’s perspective, it wasn’t.
COIN WORLD
)-DIET
[BULLION
COIN^
Mint may use ultrasound on pigeons
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Mwt oftcuk MT (vas^r
ot| efcr**M»c 4«rw « k\pe» of
sVvmx* t*A\ &vfc» of pe*o*& tkM war
tkt Im^nic bvMpf toiraMRf sitr
Ptfeoaa MT a e^evaafci
mi Ike sootk kvk * tote workers com-
sUrtfe luxr to v\MMi with &v*h
p*t*. satdfaa Kawtaao. special ass*
UM to tW l $ Mmt Vector «
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tor tartars MacTtot kas nikd oat tke
TV* porefTww take** tavimr «•>
darkened ky prev. on M tkat wh¬
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wOk DOT TV peie y e s ttoo V
trrrd ttCMdiry pourtMHftf wk»ck
be tke perfect aaswer — tt tkey work
perfectly
We toted wfcraaocuc dr* scev akwtg
w*k irsoal and *».«, dexxrv m m
ataadoned 1^; Ck» -vui ' bat
«Ytkx» a day. *1 tto ppsin were osed
to Ibrn and were nxwbag wniMi 20
feet cri tto nackofei."
TV protocol Mai mm
*ec“ sad Da%r Oto of
WodMfeReaearckCeoteri
’ We V revetted i
t to Dp*-
I Dearer
He >4id sock device* coat a coopfc of
tatmired dollars rack TVrr are a
■■ta of *a» tcxx praVu m tke
• Sak Market des«Bed to Kwip »*-
cstr* (wo^ Oto >o*i a> laka| *p*r> csm
I cm k attached to pe.v^ areas.
lake Gtj, vJVumo and otk
• here pereonoes be u wfeaa areas." cm V attacked to frrck** a.eav
sSSSSSTS'
Jay Koeutt/Rocky Mountain Mens
an inmate’s hands at Denver County Jail, where smoking is permitted.
te used a with ice water and an American
•eaker cover Cancer Society video, Fresh Start
accept ciga- Stop Smoking in 21 Days, and any
inmates suffering severe smoking
en pains to withdrawal are given medical at¬
tention, Johnsen said.
cut the in- Overall, Johnsen said, the smok-
offenng mg ban has been successful,
hard candy 'it’s going well. It always has,"
Johnsen said,
es inmate^ Now that the jail has cleaner an,
Johnsen said, il‘s easy to detect
the smell of smoke.
"They know they can’t smoke,
so it's just an accepted manner,"
Johnsen said.
Denver-area county jails are not
as restrictive with designated ar¬
eas for smokers. Adams, Arapa¬
hoe, Denver, Douglas and Jeffer¬
son counties allow inmates to
wnoke.
i-Semitic incidents to
see if they’re related.. Sen.
Wayne Allard. R-Loveland,
won a 4th Congressional Dis¬
trict Republican Primary’ en¬
dorsement from the National
Federation of Independent
Business, beating out Sen Jim
Brandon, R Akron.
Rocky Mountain New*Half
■ Mother charged in
son’s death/19
■ No ’Bart ban’ so far in
metro-area schools/24
■ Weekend celebrations
honor war dead/26
■ One of Mormons’ earli¬
est female elders dies/32
rsdies/32
Hearing set for six numismatic bills
By Burnett Anderson
Washington Bureau
The fete of no less then tlx numis¬
matic bilk will be at stake in a hear inf
planned for Peb. 28 by the House Sub¬
committee on Consumer Affairs and
Coinage at the UU Capitol
Most public attention has been
focussed on the proposed 1991-1992
issue for the 500th anniversary of
Columbus' arrival In America, but there
are two other measuree with substantial
backing which would compete with it in
1991
One is a gold half eagle, silver dollar
•nH clad half dollar series to commemo¬
rate the 50th anniversary of the massive
Mount Rushmore presidential memo¬
rial and to raise funds “to improve,
enlarge, and renovate” it
This measure has not only obtained a
majority of House members as co-spon-
sores, but has already been approved by
the Senate
The second calls for a similar issue
commemorating the 50th anniversary of
the United Service Organization (USO),
founded early in World War II to pro¬
vide facilities and support for U.S. mili¬
tary and navy personnel wherever In the
world they may be baaed.
This proposal, too, as with all the leg-
lalation to be taken up by the subcom¬
mittee, carries the names of a majority I
of representatives as co-sponsors
The fourth coinage measure provides I
for a three-coin issue commemorating |
the 20th anniversary of Beniamin Frak
tin's death. The coins would carry 1990 I
hearing
(Prom Page 4)
date it.
Chariman Richard I^Km.n D-Calif,
ot the House coinage subcommittee, has
expressed his concern over excessive
prolifer a tioo of commemorative coin-
However, all these measuree have the
bacldng of influential members, who ars
likely to be the lead-off witnesses at the
upcoming hearing.
Unlike their usual willingness to pre¬
dict the outcome of pending legislation,
informed congressional staff members
and other observers were wary of com
menUng on the probable future of most
of these bilk
Approval of a commemorative pro¬
gram for the Columbus quincentenniaJ
of 1992 is generally considered to be
almoet certain. It could, however, be
reduced to e single yeer of issue rather
than the 1991-1992 progrom envisioned
by its chief becker. Rep Frank Annun-
tio, D-Ill Annunzio la ths former chair¬
man of the House coinage subcommit¬
tee
The other two measures, also with the
sponsorship of more than half the
House members, provide for national
medals, both of wnlrh ar* expected to
get the blessing of the subcommittee.
One would authorize a national medal
for the U.S. Coast Guard, to comple¬
ment those already available for the
Army and Navy.
The other, sponsored by chairmen
Lehman, would provide for s national
medal commemorating the 100th anni¬
versary of Yosemite National Park.
Rosen lists top
25 investments
Price volatility in the rare coin mar
ket. gold prices and tighter profit mar
gins for deakrs are diacuaaed in the Fab-
ni*ry issue of the Rosen Numismatic
Adutsory
Editor Maurice Rosen provides his
Ust of 26 top U.8. investment coins in
his annual review and forecast iasua
u". C !‘ 0 1 1 , ce, * re ClM »‘ c
H#,r haJf < * nU in MS-65 red.
1873 and 1874 Seated Liberty dimes
quarters and half dollars m MS 65 and
Pr ^uMS-66 Barber quarters
and naif 'Jollart
Subscription information may be
obtained irom Numismatic Counseling
l?8fM P ° BoX 3H ‘ PU ‘ nvl *"' N Y
dates.
Designed to provide support for vol¬
unteer fire departments, a concept pio¬
neered by Franklin, the bill would have
to be approved very promptly if it k to
be produced and marketed this year
With the 1990 Eisenhower dollar
already in production and the first spec¬
imens in the hands of pre-issue buyers,
the U.S Mint could probably acco
(HEARING, Page 105^
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date in Proof grade fmn^ amp,e ° f an over *
other series fj 1081 ov erdates in
strikes) And among business
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Shield 5-cent coins
1 cwlns
«mcofS*,fte«p^r1 co ^^ckel 3-
Inu-oducM dun^fQvH^." Coin was
lyayearafttr^c,,,^' 1 ^ 8 /'™(actual- .
coins lor circulation In «Hm. 10 “W* I
cans continued to hoar* »?. me When Arner *-
Its smaller denoml^nn ' ^ C ° lns Un, ‘^
copper-nickel 5-cenr JL? counter Parts. the
f!??!esee bowers Page 83--
<ru Yasui weren't
n President Rea-
eparations and ap
viving Japanese-
Vorld War II But
rtime governor,
d in the racist as-
ricans, Carr wel-
ld protected their
Japanese-Ameri¬
cans responded by proving ever
as German-Americans and Itahan-Amencans
— who escaped similar abuse.
After the war, Yasui led a long legal fight
to win an official apology for the mistreat¬
ment of the Japanese-Americans.
Both Carr and Yasui went to their rewards
before Reagan’s symbolic action Wednesday
But their courage and decency admidst public
hysteria led directly to expunging this stain
from our national honor.
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